Half precision hex to floating point in php

I need a simple converter from a half precision format in HEX back to floating point format in PHP.
In php I need only a variable with the HEX value and echo out the floating point

Example:
Hex: BC32
Floating point is -1.049


Resource

Converter: https://evanw.github.io/float-toy/
Information about Half precision: https://en.wikipedia.org/wiki/Half-precision_floating-point_format