Rezolve AI (NASDAQ:RZLV) Shares Gap Up – What’s Next?

Rezolve AI PLC (NASDAQ:RZLV)’s share price gapped up prior to trading on Friday . The stock had previously closed at $2.57, but opened at $2.68. Rezolve AI shares last traded at $2.7110, with a volume of 2,499,921 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RZLV shares. Maxim Group increased their target price on Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Cantor Fitzgerald reaffirmed 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 cut shares of Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Rezolve AI in a report on Friday, December 19th. Finally, Northland Securities raised their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.29.

Rezolve AI Trading Up 11.7%

The firm’s fifty day moving average is $3.11 and its two-hundred day moving average is $3.73.

Institutional Trading of Rezolve AI

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in Rezolve AI in the 2nd quarter valued at about $29,000. Hartford Financial Management Inc. bought a new stake in shares of Rezolve AI in the second quarter valued at approximately $31,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Rezolve AI in the second quarter valued at approximately $31,000. Legal & General Group Plc purchased a new stake in shares of Rezolve AI during the 2nd quarter valued at approximately $31,000. Finally, AXQ Capital LP bought a new position in Rezolve AI in the 3rd quarter worth approximately $54,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.