Rezolve AI (NASDAQ:RZLV) Trading Up 19.3% – Here’s Why

Rezolve AI PLC (NASDAQ:RZLV)’s stock price rose 19.3% on Friday . The company traded as high as $2.55 and last traded at $2.6250. Approximately 16,284,584 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 11,666,684 shares. The stock had previously closed at $2.20.

Analyst Ratings Changes

RZLV has been the topic of several analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Rezolve AI in a research report on Friday. Wall Street Zen lowered Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Maxim Group lifted their price target on Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Rezolve AI in a research report on Wednesday, October 8th. Finally, Northland Securities raised their price objective on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rezolve AI currently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Rezolve AI Trading Up 18.0%

The business has a 50-day simple moving average of $3.59 and a 200-day simple moving average of $3.67.

Institutional Investors Weigh In On Rezolve AI

A number of institutional investors have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. acquired a new position in Rezolve AI during the third quarter worth $78,000. Caitong International Asset Management Co. Ltd grew its position in shares of Rezolve AI by 3,738.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 190,126 shares of the company’s stock valued at $947,000 after purchasing an additional 185,173 shares during the period. XTX Topco Ltd purchased a new stake in shares of Rezolve AI during the third quarter worth about $1,781,000. Alyeska Investment Group L.P. acquired a new position in shares of Rezolve AI during the 3rd quarter worth about $120,880,000. Finally, Verition Fund Management LLC raised its position in shares of Rezolve AI by 106.5% during the 3rd quarter. Verition Fund Management LLC now owns 31,800 shares of the company’s stock worth $158,000 after purchasing an additional 16,400 shares during the last quarter. Institutional investors and hedge funds own 27.96% of the company’s stock.

Rezolve AI Company Profile

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.