Rezolve AI (NASDAQ:RZLV) Stock Price Up 9.5% – Still a Buy?

Rezolve AI PLC (NASDAQ:RZLV) traded up 9.5% on Tuesday . The stock traded as high as $2.33 and last traded at $2.3650. 7,267,789 shares were traded during mid-day trading, a decline of 74% from the average session volume of 28,134,066 shares. The stock had previously closed at $2.16.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rezolve AI in a report on Thursday, January 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $8.00 target price on shares of Rezolve AI in a research note on Wednesday, January 14th. Alliance Global Partners reissued a “buy” rating on shares of Rezolve AI in a research note on Wednesday, January 14th. iA Financial set a $14.00 price objective on Rezolve AI in a research report on Wednesday, January 14th. Finally, HC Wainwright reiterated a “buy” rating and set a $12.00 target price on shares of Rezolve AI in a report on Wednesday, February 11th. Six investment 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 currently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Rezolve AI Stock Performance

The company’s 50-day moving average is $2.92 and its 200 day moving average is $3.79.

Hedge Funds Weigh In On Rezolve AI

Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in Rezolve AI in the 2nd quarter valued at approximately $29,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Rezolve AI during the second quarter valued at $31,000. Legal & General Group Plc purchased a new stake in shares of Rezolve AI during the second quarter valued at $31,000. AXQ Capital LP bought a new stake in Rezolve AI in the 3rd quarter worth about $54,000. Finally, California State Teachers Retirement System increased its holdings in Rezolve AI by 72.3% in the 4th quarter. California State Teachers Retirement System now owns 11,042 shares of the company’s stock worth $28,000 after buying an additional 4,633 shares in the last quarter. 27.96% of the stock is currently 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.