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

Shares of Rezolve AI PLC (NASDAQ:RZLV) gapped up prior to trading on Friday . The stock had previously closed at $3.71, but opened at $3.90. Rezolve AI shares last traded at $3.7730, with a volume of 7,731,648 shares traded.

Analyst Upgrades and Downgrades

RZLV has been the topic of a number of research reports. Northland Securities lifted their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Roth Capital raised their target price on shares of Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, October 2nd. HC Wainwright restated a “buy” rating and issued a $10.00 price target on shares of Rezolve AI in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $8.00 price objective on shares of Rezolve AI in a research note on Wednesday, December 24th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $9.29.

Rezolve AI Price Performance

The business has a 50-day moving average of $3.02 and a 200-day moving average of $3.76.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in shares of Rezolve AI during the 2nd quarter worth approximately $29,000. Hartford Financial Management Inc. purchased a new stake in Rezolve AI in the second quarter worth $31,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Rezolve AI during the second quarter worth $31,000. Legal & General Group Plc purchased a new stake in shares of Rezolve AI during the second quarter valued at $31,000. Finally, AXQ Capital LP purchased a new stake in shares of Rezolve AI during the third quarter valued at $54,000. 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.