Rezolve AI (NASDAQ:RZLV) Shares Up 8.1% on Analyst Upgrade

Rezolve AI PLC (NASDAQ:RZLV)’s stock price traded up 8.1% on Friday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock traded as high as $7.58 and last traded at $6.79. 54,650,807 shares were traded during trading, an increase of 443% from the average session volume of 10,063,148 shares. The stock had previously closed at $6.28.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new position in Rezolve AI in the second quarter worth about $29,000. Hartford Financial Management Inc. purchased a new position in Rezolve AI in the second quarter worth about $31,000. B. Riley Wealth Advisors Inc. purchased a new position in Rezolve AI in the second quarter worth about $31,000. Legal & General Group Plc purchased a new position in Rezolve AI in the second quarter worth about $31,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Rezolve AI in the second quarter worth about $57,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

Rezolve AI Price Performance

The firm has a 50-day simple moving average of $4.48 and a 200-day simple moving average of $2.90.

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.