Rezolve AI (NASDAQ:RZLV) Trading 4% Higher - Should You Buy?

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) shares shot up 4% during mid-day trading on Tuesday . The company traded as high as $2.89 and last traded at $2.81. 4,829,064 shares were traded during trading, a decline of 16% from the average session volume of 5,754,535 shares. The stock had previously closed at $2.70.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a "buy" rating and issued a $4.00 price target on shares of Rezolve AI in a report on Friday, June 13th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Rezolve AI currently has an average rating of "Buy" and a consensus target price of $6.00.

Rezolve AI Stock Performance

The company's fifty day moving average price is $2.34 and its two-hundred day moving average price is $2.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RZLV. Wolverine Asset Management LLC boosted its stake in Rezolve AI by 62.1% during the first quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company's stock worth $26,000 after acquiring an additional 8,219 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Rezolve AI in the first quarter worth about $30,000. SBI Securities Co. Ltd. increased its stake in shares of Rezolve AI by 192.5% in the first quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock worth $35,000 after purchasing an additional 19,010 shares in the last quarter. Summit Trail Advisors LLC purchased a new position in shares of Rezolve AI in the first quarter worth about $40,000. Finally, Virtu Financial LLC purchased a new position in shares of Rezolve AI in the first quarter worth about $44,000. Institutional investors and hedge funds own 27.96% of the company's stock.

About Rezolve AI

Rezolve AI Plc operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.

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