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

Rezolve AI Limited (NASDAQ:RZLV)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.29, but opened at $3.91. Rezolve AI shares last traded at $3.76, with a volume of 23,886,201 shares trading hands.

Wall Street Analysts Forecast Growth

RZLV has been the topic of a number of recent research reports. Cantor Fitzgerald began coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price target on the stock. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Northland Securities initiated coverage on Rezolve AI in a research report on Wednesday. They set an “outperform” rating and a $5.00 price target on the stock. Finally, Roth Mkm started coverage on Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective for the company.

Rezolve AI Trading Up 9.4 %

The company has a fifty day moving average of $3.88.

Hedge Funds Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned about 0.08% of Rezolve AI at the end of the most recent quarter. 27.96% of the stock is currently owned by institutional investors and hedge funds.

About Rezolve AI

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.