Perceptive Capital Solutions (NASDAQ:PCSC) Trading Up 2.2% – Should You Buy?

Perceptive Capital Solutions Corp. (NASDAQ:PCSCGet Free Report) shares were up 2.2% during trading on Thursday . The company traded as high as $12.75 and last traded at $12.26. Approximately 473,005 shares changed hands during trading, an increase of 71% from the average daily volume of 275,985 shares. The stock had previously closed at $12.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Perceptive Capital Solutions in a report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Read Our Latest Research Report on Perceptive Capital Solutions

Perceptive Capital Solutions Stock Performance

The firm has a fifty day simple moving average of $11.08 and a 200 day simple moving average of $10.80. The company has a market cap of $113.16 million, a PE ratio of 90.71 and a beta of 0.01.

Perceptive Capital Solutions (NASDAQ:PCSCGet Free Report) last released its earnings results on Wednesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Radcliffe Capital Management L.P. purchased a new stake in Perceptive Capital Solutions during the third quarter valued at about $128,000. Sculptor Capital LP raised its holdings in shares of Perceptive Capital Solutions by 0.5% in the 2nd quarter. Sculptor Capital LP now owns 415,090 shares of the company’s stock worth $4,408,000 after purchasing an additional 2,243 shares during the period. Rangeley Capital LLC acquired a new position in shares of Perceptive Capital Solutions in the 2nd quarter valued at about $212,000. Finally, Berkley W R Corp purchased a new stake in shares of Perceptive Capital Solutions during the 2nd quarter worth about $169,000.

Perceptive Capital Solutions Company Profile

(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.

Further Reading

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