Rezolve AI Sees Unusually High Options Volume (NASDAQ:RZLV)

Rezolve AI PLC (NASDAQ:RZLV) was the recipient of some unusual options trading activity on Friday. Stock traders acquired 22,797 call options on the company. This is an increase of 65% compared to the average daily volume of 13,810 call options.

Hedge Funds Weigh In On Rezolve AI

A number of large investors have recently added to or reduced their stakes in RZLV. Two Sigma Investments LP purchased a new position in Rezolve AI in the 4th quarter worth $110,000. FNY Investment Advisers LLC purchased a new position in Rezolve AI in the 1st quarter worth $30,000. Summit Trail Advisors LLC purchased a new position in Rezolve AI in the 1st quarter worth $40,000. Schechter Investment Advisors LLC purchased a new position in Rezolve AI in the 1st quarter worth $107,000. Finally, SBI Securities Co. Ltd. raised its position in Rezolve AI by 192.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company’s stock worth $35,000 after purchasing an additional 19,010 shares during the period. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Rezolve AI in a research report on Saturday, September 27th. Roth Capital raised their price objective on shares of Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday. Alliance Global Partners began coverage on shares of Rezolve AI in a report on Friday, August 1st. They issued a “buy” rating and a $8.50 price objective for the company. HC Wainwright raised their price objective on shares of Rezolve AI from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Maxim Group raised their price objective on shares of Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Rezolve AI Trading Up 8.1%

Shares of NASDAQ:RZLV opened at $6.79 on Friday. The company’s fifty day moving average is $4.48 and its 200 day moving average is $2.91. Rezolve AI has a 52 week low of $1.07 and a 52 week high of $8.45.

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.