Perceptive Capital Solutions (NASDAQ:PCSC) Stock Price Down 0.3% – What’s Next?

Perceptive Capital Solutions Corp. (NASDAQ:PCSC)’s stock price dropped 0.3% during trading on Friday . The company traded as low as $11.15 and last traded at $11.17. Approximately 54,422 shares changed hands during mid-day trading, an increase of 152% from the average daily volume of 21,614 shares. The stock had previously closed at $11.20.

Analyst Upgrades and Downgrades

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

Perceptive Capital Solutions Price Performance

The company’s 50 day moving average is $11.12 and its two-hundred day moving average is $12.03. The firm has a market cap of $99.52 million, a P/E ratio of 558.50 and a beta of 0.39.

Perceptive Capital Solutions (NASDAQ:PCSC) last released its quarterly earnings data on Thursday, March 12th. The company reported ($0.06) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Perceptive Capital Solutions

A number of hedge funds have recently made changes to their positions in PCSC. Farallon Capital Management LLC bought a new position in shares of Perceptive Capital Solutions during the 4th quarter worth about $29,318,000. ADAR1 Capital Management LLC increased its stake in 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 valued at $25,496,000 after acquiring an additional 1,206,720 shares during the period. BIT Capital GmbH acquired a new position in Perceptive Capital Solutions in the fourth quarter worth about $9,646,000. 683 Capital Management LLC raised its position in Perceptive Capital Solutions by 28.2% in the fourth quarter. 683 Capital Management LLC now owns 640,894 shares of the company’s stock worth $8,351,000 after purchasing an additional 140,894 shares in the last quarter. Finally, One Fin Capital Management LP bought a new position in Perceptive Capital Solutions during the fourth quarter worth about $5,691,000.

About Perceptive Capital Solutions

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.