Perceptive Capital Solutions (NASDAQ:PCSC) Shares Down 4.4% – Time to Sell?

Shares of Perceptive Capital Solutions Corp. (NASDAQ:PCSC) were down 4.4% on Thursday . The company traded as low as $10.71 and last traded at $10.90. 506,443 shares traded hands during trading, an increase of 166% from the average daily volume of 190,066 shares. The stock had previously closed at $11.40.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Perceptive Capital Solutions in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Perceptive Capital Solutions Trading Down 0.9%

The business’s fifty day simple moving average is $11.14 and its 200 day simple moving average is $12.00. The stock has a market cap of $96.23 million, a price-to-earnings ratio of 540.00 and a beta of 0.36.

Institutional Investors Weigh In On Perceptive Capital Solutions

Institutional investors have recently made changes to their positions in the stock. Farallon Capital Management LLC bought a new stake in Perceptive Capital Solutions in the fourth quarter valued at about $29,318,000. ADAR1 Capital Management LLC boosted its holdings in Perceptive Capital Solutions by 160.9% during the fourth quarter. ADAR1 Capital Management LLC now owns 1,956,720 shares of the company’s stock worth $25,496,000 after buying an additional 1,206,720 shares during the last quarter. BIT Capital GmbH bought a new position in Perceptive Capital Solutions during the fourth quarter worth about $9,646,000. 683 Capital Management LLC boosted its holdings 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 worth $8,351,000 after buying an additional 140,894 shares during the last quarter. Finally, One Fin Capital Management LP acquired a new position in shares of Perceptive Capital Solutions during the 4th 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.