Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Here’s What Happened

Shares of Rezolve AI Limited (NASDAQ:RZLV) gapped up before the market opened 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RZLV shares. Roth Mkm initiated coverage on Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective for the company. Northland Securities initiated coverage on shares of Rezolve AI in a report on Wednesday. They set an “outperform” rating and a $5.00 price target for the company. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald started coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price for the company. Finally, Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $4.67.

Rezolve AI Stock Down 18.9 %

The business has a fifty day moving average of $3.74.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI at the end of the most recent reporting period. 27.96% of the stock is currently owned by institutional investors and hedge funds.

Rezolve AI Company Profile

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.