Rezolve AI (NASDAQ:RZLV) Trading Up 12.5% - Still a Buy?

Key Points

• Rezolve AI's shares surged by 12.5%, reaching a high of $7.44, with trading volume significantly increasing to over 20 million shares.
• Analysts from HC Wainwright and Roth Capital raised their price targets to $9.00, maintaining a "buy" rating for Rezolve AI, highlighting positive market sentiment.
• Institutional investors are showing strong interest, with Geode Capital increasing its position by over 1,100% during the second quarter, reflecting growing confidence in the stock.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) shares were up 12.5% during mid-day trading on Tuesday . The stock traded as high as $7.44 and last traded at $7.18. Approximately 20,148,523 shares were traded during trading, an increase of 130% from the average daily volume of 8,758,155 shares. The stock had previously closed at $6.38.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RZLV shares. HC Wainwright upped their target price on shares of Rezolve AI from $4.00 to $9.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Roth Capital restated a "buy" rating and set a $9.00 target price (up previously from $4.25) on shares of Rezolve AI in a research note on Monday, September 15th. Finally, Alliance Global Partners initiated coverage on shares of Rezolve AI in a research note on Friday, August 1st. They issued a "buy" rating and a $8.50 price objective on the stock. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat.com, Rezolve AI has a consensus rating of "Buy" and a consensus target price of $7.31.

Rezolve AI Price Performance

The business's fifty day moving average is $3.90 and its two-hundred day moving average is $2.63.

Institutional Trading of Rezolve AI

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in shares of Rezolve AI by 1,100.7% during the second quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company's stock worth $3,799,000 after purchasing an additional 1,132,569 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in Rezolve AI during the 4th quarter valued at about $4,149,000. Brown Wealth Management LLC purchased a new stake in Rezolve AI in the 2nd quarter valued at about $615,000. Rhumbline Advisers bought a new position in Rezolve AI in the 2nd quarter worth about $398,000. Finally, Schechter Investment Advisors LLC bought a new position in Rezolve AI in the 1st quarter worth about $107,000. 27.96% of the stock is currently owned by institutional investors.

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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