Rezolve AI (NASDAQ:RZLV) Stock Price Up 17.1% – Should You Buy?

Rezolve AI PLC (NASDAQ:RZLV) shares shot up 17.1% during mid-day trading on Friday . The stock traded as high as $2.65 and last traded at $2.6350. 12,369,799 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 32,092,285 shares. The stock had previously closed at $2.25.

Analyst Ratings Changes

RZLV has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Rezolve AI in a report on Thursday, January 22nd. Alliance Global Partners reissued a “buy” rating on shares of Rezolve AI in a research note on Wednesday, January 14th. iA Financial set a $14.00 target price on shares of Rezolve AI in a research report on Wednesday, January 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $8.00 price target on shares of Rezolve AI in a research report on Wednesday, January 14th. Finally, Wall Street Zen cut Rezolve AI from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Rezolve AI Price Performance

The stock’s 50 day moving average is $3.01 and its two-hundred day moving average is $3.85.

Hedge Funds Weigh In On Rezolve AI

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. bought a new position in Rezolve AI during the third quarter worth $120,880,000. Geode Capital Management LLC increased its holdings 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 period. BNP Paribas Financial Markets increased its stake in Rezolve AI by 13,595.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,054,552 shares of the company’s stock worth $5,252,000 after acquiring an additional 1,046,852 shares during the period. Vanguard Group Inc. increased its position in shares of Rezolve AI by 51.3% in the third quarter. Vanguard Group Inc. now owns 972,586 shares of the company’s stock worth $4,843,000 after purchasing an additional 329,568 shares during the period. Finally, UBS Group AG raised its position in shares of Rezolve AI by 153.5% in the 3rd quarter. UBS Group AG now owns 512,611 shares of the company’s stock valued at $2,553,000 after buying an additional 310,371 shares in the last quarter. Institutional investors own 27.96% of the company’s stock.

About Rezolve AI

Rezolve AI, Inc operates a cloud-based engagement platform that connects physical world touchpoints to digital experiences. Through its proprietary Rezolve platform, the company enables brands and marketers to deploy interactive mobile campaigns triggered by NFC-enabled tags, QR codes, short URLs and other proximity-based technologies. These campaigns facilitate in-the-moment product demonstrations, digital promotions and seamless e-commerce transactions without the need to download a dedicated app.

The company’s platform includes a no-code campaign management portal, real-time analytics dashboard and integration tools for customer relationship management, payment processing and third-party marketing systems.