Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Should You Buy?

Rezolve AI PLC (NASDAQ:RZLV) shares 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.

Analyst Ratings Changes

RZLV has been the topic of a number of recent research reports. Maxim Group raised their target price on Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. HC Wainwright reaffirmed a “buy” rating and set a $10.00 target price on shares of Rezolve AI in a report on Friday, December 19th. Finally, Northland Securities increased their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rezolve AI has a consensus rating of “Moderate Buy” and an average target price of $9.29.

Rezolve AI Trading Up 6.4%

The firm’s fifty day simple moving average is $3.14 and its two-hundred day simple moving average is $3.71.

Hedge Funds Weigh In On Rezolve AI

Hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. purchased a new position in shares of Rezolve AI during the second quarter valued at about $29,000. Hartford Financial Management Inc. purchased a new stake in shares of Rezolve AI in the second quarter worth about $31,000. B. Riley Wealth Advisors Inc. bought a new position in Rezolve AI during the second quarter valued at approximately $31,000. Legal & General Group Plc bought a new position in Rezolve AI during the second quarter valued at approximately $31,000. Finally, AXQ Capital LP purchased a new position in Rezolve AI during the 3rd quarter valued at approximately $54,000. Institutional investors 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.