Rezolve AI (NASDAQ:RZLV) Stock Price Up 10.9% – Time to Buy?

Rezolve AI PLC (NASDAQ:RZLV) shares rose 10.9% during trading on Thursday . The company traded as high as $2.90 and last traded at $2.8950. Approximately 11,695,462 shares changed hands during trading, an increase of 6% from the average daily volume of 10,982,979 shares. The stock had previously closed at $2.61.

Analyst Ratings Changes

A number of brokerages recently commented on RZLV. Cantor Fitzgerald raised their price target on Rezolve AI from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Wall Street Zen lowered shares of Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Maxim Group raised their target price on shares of Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Northland Securities lifted their target price on shares of Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Finally, HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Rezolve AI in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.00.

Rezolve AI Price Performance

The firm has a 50 day moving average of $4.33 and a two-hundred day moving average of $3.64.

Institutional Trading of Rezolve AI

A number of hedge funds have recently bought and sold shares of RZLV. Wolverine Asset Management LLC grew its stake in shares of Rezolve AI by 62.1% during the 1st quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company’s stock valued at $26,000 after purchasing an additional 8,219 shares during the period. Ameritas Investment Partners Inc. bought a new stake in Rezolve AI during the second quarter valued at approximately $29,000. Hartford Financial Management Inc. purchased a new stake in Rezolve AI during the second quarter valued at approximately $31,000. B. Riley Wealth Advisors Inc. purchased a new stake in Rezolve AI during the second quarter valued at approximately $31,000. Finally, Legal & General Group Plc bought a new position in Rezolve AI in the second quarter worth approximately $31,000. Hedge funds and other institutional investors 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.