Rezolve AI Target of Unusually Large Options Trading (NASDAQ:RZLV)

Rezolve AI PLC (NASDAQ:RZLV) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 32,598 call options on the stock. This is an increase of 64% compared to the typical volume of 19,852 call options.

Rezolve AI Stock Down 19.2%

Shares of RZLV stock opened at $2.40 on Thursday. The stock has a fifty day moving average price of $3.66 and a 200 day moving average price of $3.68. Rezolve AI has a 1 year low of $1.07 and a 1 year high of $8.45.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RZLV. Northland Securities lifted their price objective on Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Rezolve AI in a report on Wednesday, October 8th. Cantor Fitzgerald lifted their price target on Rezolve AI from $5.00 to $7.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Maxim Group upped their price objective on Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Roth Capital boosted their target price on shares of Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Wealth Management LLC acquired a new stake in Rezolve AI in the 2nd quarter valued at about $615,000. Vanguard Personalized Indexing Management LLC acquired a new position in Rezolve AI during the second quarter worth about $57,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Rezolve AI in the second quarter valued at about $62,000. Retireful LLC purchased a new stake in shares of Rezolve AI in the second quarter valued at about $75,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Rezolve AI in the second quarter valued at approximately $57,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

Rezolve AI Company Profile

Rezolve AI Plc 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.