Roth Mkm Reiterates “Buy” Rating for Rezolve AI (NASDAQ:RZLV)

Rezolve AI (NASDAQ:RZLV)‘s stock had its “buy” rating restated by analysts at Roth Mkm in a report released on Wednesday,Benzinga reports. They currently have a $4.00 target price on the stock. Roth Mkm’s price objective would indicate a potential upside of 163.16% from the company’s current price.

Other research analysts have also recently issued reports about the company. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Maxim Group began coverage on Rezolve AI in a report on Thursday, January 16th. They set a “buy” rating and a $10.00 price objective on the stock. Northland Securities began coverage on Rezolve AI in a report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price objective on the stock. Cantor Fitzgerald began coverage on Rezolve AI in a report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price objective on the stock. Finally, Northland Capmk raised Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $6.40.

Rezolve AI Price Performance

NASDAQ RZLV opened at $1.52 on Wednesday. The business’s fifty day simple moving average is $2.37. Rezolve AI has a fifty-two week low of $1.27 and a fifty-two week high of $12.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in Rezolve AI during the 4th quarter worth about $38,000. Periscope Capital Inc. acquired a new position in Rezolve AI during the 4th quarter worth about $268,000. Wolverine Asset Management LLC acquired a new position in Rezolve AI during the 4th quarter worth about $51,000. K2 Principal Fund L.P. bought a new position in shares of Rezolve AI in the 3rd quarter worth about $881,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Rezolve AI in the 4th quarter worth about $1,699,000. 27.96% of the stock is owned by institutional investors and hedge funds.

Rezolve AI Company Profile

Rezolve Ai Ltd. 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.