Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Here’s Why

Rezolve AI PLC (NASDAQ:RZLV)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $2.32, but opened at $3.00. Rezolve AI shares last traded at $3.0450, with a volume of 34,649,502 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Maxim Group raised their price target on Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Roth Capital upped their price objective on Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rezolve AI in a research report on Wednesday, October 8th. Finally, HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Rezolve AI in a report on Tuesday, December 2nd. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rezolve AI currently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Rezolve AI Stock Performance

The company has a 50 day moving average price of $3.66 and a 200 day moving average price of $3.68.

Institutional Trading of Rezolve AI

Large investors have recently bought and sold shares of the company. Brown Wealth Management LLC acquired a new stake in shares of Rezolve AI in the second quarter valued at approximately $615,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Rezolve AI during the 2nd quarter worth approximately $57,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Rezolve AI in the 2nd quarter valued at approximately $62,000. Retireful LLC acquired a new stake in Rezolve AI during the 2nd quarter valued at $75,000. Finally, ProShare Advisors LLC purchased a new position in Rezolve AI during the second quarter worth $57,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.