Perceptive Capital Solutions (NASDAQ:PCSC) Announces Quarterly Earnings Results

Perceptive Capital Solutions (NASDAQ:PCSC) announced its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share for the quarter, FiscalAI reports.

Perceptive Capital Solutions Stock Performance

NASDAQ PCSC opened at $11.85 on Wednesday. The stock has a market cap of $105.58 million, a price-to-earnings ratio of 592.50 and a beta of 0.36. The business has a 50 day simple moving average of $11.14 and a 200 day simple moving average of $11.95. Perceptive Capital Solutions has a 52-week low of $9.95 and a 52-week high of $14.47.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Perceptive Capital Solutions in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC increased its position in shares of Perceptive Capital Solutions by 145.5% during the second quarter. FNY Investment Advisers LLC now owns 160,465 shares of the company’s stock worth $1,745,000 after acquiring an additional 95,095 shares in the last quarter. ADAR1 Capital Management LLC boosted its stake in Perceptive Capital Solutions by 9.4% in the 1st quarter. ADAR1 Capital Management LLC now owns 499,581 shares of the company’s stock worth $5,480,000 after purchasing an additional 42,861 shares during the period. Eagle Health Investments LP acquired a new position in Perceptive Capital Solutions in the 1st quarter worth $413,000. DLD Asset Management LP bought a new position in Perceptive Capital Solutions during the 1st quarter worth about $1,383,000. Finally, Lineage Point Capital LP bought a new position in Perceptive Capital Solutions during the 4th quarter worth about $502,000.

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.