4d Pharma PLC is up by more than five per cent in today’s trading session. The bullish comes after more than a week of an aggressive bearish trend that saw DDDD lose more than 30 per cent of its value.
Despite the recent fall in share prices, 4d Pharma PLC has made significant milestones in its financial standing and research progress. A recent financial report released late last month showed loss and total comprehensive income for the full year of 2021 to be $32.1 million. The report also showed the company had net assets worth $32.4 million as of December 31, 2021. In addition, the cash and cash equivalent by the end of 2021 was $21 million.
The company also had significant research milestones in 2021, according to Duncan Peyton, Chief Executive Officer of 4D pharma. Some of these milestones included promising signals in the clinic from the company’s lead candidates in immuno-oncology and inflammatory disease, which entered second clinical collaboration in oncology.
This was very significant because it validated the potential for single strain live biotherapeutics to treat systematic disease and the MocroRx platform. Such milestones are expected to play a huge role in the growth of the company in 2022. It is also highly likely that the company’s research will translate to a surge and recovery of DDDD share prices.
The chart below shows DDDD share price trading at 39p. The prices are also touching the upper trendline of the descending channel. However, the chart also shows the prices being in a very strong bearish trend, which has resulted in a 30 per cent drop in the last ten trading sessions.
I expect the prices to continue with the bearish move using the chart below despite today’s gain. The analysis is based on recent price action, which shows the shares are still in a bear market. The Williams Alligator and the RSI technical indicators also show a strong bearish trend. It is also likely that today’s gains are due to correction, and the downtrend will resume soon. I expect the prices to trade at 35p, which will set a new monthly price low.
This post was last modified on Apr 29, 2022, 13:31 BST 13:31