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Rezolve AI (NASDAQ:RZLV) Trading 10.4% Higher - What's Next?

Rezolve AI logo with Business Services background

Key Points

  • Rezolve AI's share price rose by 10.4% to $3.34 after trading volume increased significantly, with approximately 10.4 million shares changing hands.
  • A majority of analysts have a positive outlook on Rezolve AI, with a consensus rating of "Buy" and a price target averaging $6.36.
  • Institutional investors have increased their stakes in Rezolve AI, with Geode Capital Management growing its position by an impressive 1,100.7% during the second quarter.
  • Five stocks to consider instead of Rezolve AI.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) traded up 10.4% during trading on Monday . The company traded as high as $3.34 and last traded at $3.34. 10,399,045 shares traded hands during trading, an increase of 52% from the average session volume of 6,820,719 shares. The stock had previously closed at $3.02.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. HC Wainwright reissued a "buy" rating and set a $4.00 price objective on shares of Rezolve AI in a report on Friday, June 13th. Alliance Global Partners assumed coverage on Rezolve AI in a report on Friday, August 1st. They set a "buy" rating and a $8.50 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $6.36.

Get Our Latest Stock Analysis on RZLV

Rezolve AI Stock Performance

The stock has a fifty day moving average price of $2.79 and a 200 day moving average price of $2.22.

Institutional Trading of Rezolve AI

Several hedge funds have recently added to or reduced their stakes in RZLV. Geode Capital Management LLC boosted its stake in Rezolve AI by 1,100.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company's stock valued at $3,799,000 after purchasing an additional 1,132,569 shares during the period. Polar Asset Management Partners Inc. bought a new stake in Rezolve AI during the 4th quarter valued at approximately $4,149,000. Jane Street Group LLC bought a new stake in Rezolve AI during the 4th quarter valued at approximately $1,650,000. Brown Wealth Management LLC bought a new stake in Rezolve AI during the 2nd quarter valued at approximately $615,000. Finally, Rhumbline Advisers bought a new stake in Rezolve AI during the 2nd quarter valued at approximately $398,000. Institutional investors own 27.96% of the company's stock.

Rezolve AI Company Profile

(Get Free Report)

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.

See Also

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