Rezolve AI (NASDAQ:RZLV) Shares Up 7.1% – Should You Buy?

Shares of Rezolve AI PLC (NASDAQ:RZLV) were up 7.1% during trading on Tuesday. The stock traded as high as $1.59 and last traded at $1.5750. 1,351,000 shares traded hands during trading, a decline of 92% from the average session volume of 17,171,873 shares. The stock had previously closed at $1.47.

Analysts Set New Price Targets

RZLV has been the subject of several research analyst reports. Wall Street Zen lowered shares of Rezolve AI from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Cantor Fitzgerald reissued an “overweight” rating on shares of Rezolve AI in a research note on Wednesday, October 7th. Roth Capital restated a “buy” rating and issued a $6.50 price target on shares of Rezolve AI in a report on Wednesday, September 2nd. Finally, Weiss Ratings upgraded shares of Rezolve AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Rezolve AI has a consensus rating of “Moderate Buy” and an average price target of $10.12.

Rezolve AI Stock Up 0.7%

The firm has a fifty day simple moving average of $2.15 and a 200-day simple moving average of $2.54.

Rezolve AI (NASDAQ:RZLV) last issued its earnings results on Tuesday, September 1st. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.20). The firm had revenue of $65.39 million during the quarter, compared to the consensus estimate of $127.00 million. During the same quarter last year, the firm earned ($0.25) earnings per share. On average, equities analysts expect that Rezolve AI PLC will post -0.52 EPS for the current year.

Institutional Trading of Rezolve AI

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Weiss Asset Management LP purchased a new position in shares of Rezolve AI in the 1st quarter worth approximately $5,120,000. Janus Henderson Group PLC bought a new position in shares of Rezolve AI in the first quarter valued at approximately $2,631,000. Squarepoint Ops LLC bought a new position in shares of Rezolve AI in the second quarter valued at approximately $1,168,000. Engineers Gate Manager LP grew its holdings in shares of Rezolve AI by 63.6% in the second quarter. Engineers Gate Manager LP now owns 335,690 shares of the company’s stock valued at $1,057,000 after acquiring an additional 130,552 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Rezolve AI by 48.1% during the first quarter. Bank of America Corp DE now owns 210,818 shares of the company’s stock valued at $540,000 after acquiring an additional 68,441 shares during the last quarter. Institutional investors own 27.96% of the company’s stock.

About Rezolve AI

Rezolve AI Limited is a technology company that develops artificial intelligence solutions for digital commerce and customer engagement. Its platform is designed to help retailers and brands create more personalized shopping experiences across digital channels, including websites, mobile applications and messaging environments.

The company’s products use AI to support functions such as product discovery, conversational shopping, recommendations, customer service and transaction assistance.