Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Time to Buy?

Rezolve AI PLC (NASDAQ:RZLV)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $2.32, but opened at $3.00. Rezolve AI shares last traded at $3.0450, with a volume of 34,649,502 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Rezolve AI in a report on Tuesday, December 2nd. Maxim Group increased their price target on Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Rezolve AI in a research note on Wednesday, October 8th. Wall Street Zen cut Rezolve AI from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Finally, Roth Capital increased their price objective on Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Rezolve AI Stock Up 33.8%

The company’s 50 day moving average is $3.81 and its 200-day moving average is $3.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CIBC Bancorp USA Inc. acquired a new position in shares of Rezolve AI during the 3rd quarter worth approximately $78,000. Caitong International Asset Management Co. Ltd boosted its position in Rezolve AI by 3,738.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 190,126 shares of the company’s stock worth $947,000 after purchasing an additional 185,173 shares during the period. XTX Topco Ltd bought a new position in Rezolve AI during the third quarter worth $1,781,000. Alyeska Investment Group L.P. acquired a new position in shares of Rezolve AI in the third quarter valued at $120,880,000. Finally, Verition Fund Management LLC raised its position in shares of Rezolve AI by 106.5% in the third quarter. Verition Fund Management LLC now owns 31,800 shares of the company’s stock valued at $158,000 after purchasing an additional 16,400 shares during the period. 27.96% of the stock is currently owned by institutional investors.

Rezolve AI Company Profile

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.