Perceptive Capital Solutions (NASDAQ:PCSC) Shares Up 0.3% - Here's Why

Key Points

• Shares of Perceptive Capital Solutions rose about 0.3% to $11.30 on Thursday but traded on very light volume (7,288 shares, down ~86% versus the average session volume).
• Analyst coverage is negative — Weiss Ratings reissued a "Sell" and the consensus on MarketBeat is "Sell" — and the company reported a $0.06 loss per share in its most recent quarter.
• Perceptive Capital Solutions is a blank check (SPAC) with a market cap of roughly $100.7 million, and several institutional investors have recently taken small new positions.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Perceptive Capital Solutions in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of "Sell".

Perceptive Capital Solutions Trading Up 0.3%

The stock has a 50-day simple moving average of $11.42 and a 200-day simple moving average of $11.97. The company has a market capitalization of $100.68 million, a price-to-earnings ratio of 141.27 and a beta of 0.45.

Perceptive Capital Solutions (NASDAQ:PCSC - Get Free Report) last announced its earnings results on Thursday, March 12th. The company reported ($0.06) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Perceptive Capital Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. Radcliffe Capital Management L.P. bought a new position in Perceptive Capital Solutions during the 3rd quarter worth $128,000. Geode Capital Management LLC bought a new position in Perceptive Capital Solutions during the 4th quarter worth $138,000. Readystate Asset Management LP bought a new position in Perceptive Capital Solutions during the 4th quarter worth $143,000. Rangeley Capital LLC bought a new position in Perceptive Capital Solutions during the 2nd quarter worth $212,000. Finally, Periscope Capital Inc. bought a new position in Perceptive Capital Solutions during the 4th quarter worth $261,000.

Perceptive Capital Solutions Company Profile

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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