Rezolve AI (NASDAQ:RZLV) Sees Unusually-High Trading Volume – Time to Buy?

Rezolve AI PLC (NASDAQ:RZLV) shares saw strong trading volume on Tuesday . 24,393,162 shares were traded during trading, a decline of 0% from the previous session’s volume of 24,496,293 shares.The stock last traded at $3.6450 and had previously closed at $4.01.

Analysts Set New Price Targets

Several analysts recently commented on RZLV shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $8.00 price objective on shares of Rezolve AI in a research note on Wednesday, December 24th. Wall Street Zen downgraded shares of Rezolve AI from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. HC Wainwright reissued a “buy” rating and set a $10.00 price target on shares of Rezolve AI in a research note on Friday, December 19th. Northland Securities upped their price target on Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Rezolve AI currently has an average rating of “Moderate Buy” and a consensus target price of $9.29.

Rezolve AI Stock Down 4.6%

The business has a 50 day moving average of $3.00 and a 200-day moving average of $3.79.

Institutional Trading of Rezolve AI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. purchased a new position in Rezolve AI in the 2nd quarter valued at about $29,000. Hartford Financial Management Inc. acquired a new position in shares of Rezolve AI in the second quarter valued at approximately $31,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Rezolve AI during the second quarter valued at approximately $31,000. Legal & General Group Plc purchased a new stake in Rezolve AI in the 2nd quarter worth approximately $31,000. Finally, AXQ Capital LP acquired a new position in Rezolve AI in the 3rd quarter valued at $54,000. Hedge funds and other 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.