Perceptive Capital Solutions (NASDAQ:PCSC) Trading 0.3% Higher – Still a Buy?

Perceptive Capital Solutions Corp. (NASDAQ:PCSCGet Free Report)’s share price traded up 0.3% during trading on Thursday . The stock traded as high as $11.43 and last traded at $11.30. 7,288 shares were traded during trading, a decline of 86% from the average session volume of 53,019 shares. The stock had previously closed at $11.27.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Perceptive Capital Solutions in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Get Our Latest Stock Report on Perceptive Capital Solutions

Perceptive Capital Solutions Stock Performance

The business has a 50 day moving average of $11.42 and a two-hundred day moving average of $11.97. The firm has a market capitalization of $99.54 million, a price-to-earnings ratio of 139.64 and a beta of 0.39.

Perceptive Capital Solutions (NASDAQ:PCSCGet Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported ($0.06) earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Farallon Capital Management LLC purchased a new stake in shares of Perceptive Capital Solutions in the fourth quarter worth approximately $29,318,000. ADAR1 Capital Management LLC boosted its holdings in shares of Perceptive Capital Solutions by 160.9% in the fourth quarter. ADAR1 Capital Management LLC now owns 1,956,720 shares of the company’s stock worth $25,496,000 after acquiring an additional 1,206,720 shares during the period. BIT Capital GmbH bought a new stake in Perceptive Capital Solutions during the fourth quarter valued at $9,646,000. 683 Capital Management LLC boosted its stake in Perceptive Capital Solutions by 28.2% during the fourth quarter. 683 Capital Management LLC now owns 640,894 shares of the company’s stock valued at $8,351,000 after buying an additional 140,894 shares during the period. Finally, One Fin Capital Management LP purchased a new stake in Perceptive Capital Solutions during the fourth quarter valued at about $5,691,000.

About Perceptive Capital Solutions

(Get Free Report)

Perceptive Capital Solutions Corp is a blank check company. It formed for the purpose of entering into a combination with one or more businesses or entities. Perceptive Capital Solutions Corp is based in NEW YORK.

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