Forum Markets (NASDAQ:FRMM) Releases Quarterly Earnings Results

Forum Markets (NASDAQ:FRMM) announced its quarterly earnings data on Thursday. The company reported ($3.64) earnings per share for the quarter, Zacks reports. The company had revenue of $2.86 million during the quarter.

Forum Markets Price Performance

Shares of FRMM traded down $1.17 during mid-day trading on Friday, reaching $3.70. 843,742 shares of the company were exchanged, compared to its average volume of 2,943,955. Forum Markets has a 52 week low of $1.76 and a 52 week high of $174.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $75.15 million, a price-to-earnings ratio of -0.10 and a beta of 1.51.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Loop Capital set a $11.00 target price on Forum Markets in a research report on Monday. Benchmark increased their target price on Forum Markets from $5.00 to $9.00 and gave the company a “speculative buy” rating in a research report on Friday. Wall Street Zen downgraded Forum Markets from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings assumed coverage on Forum Markets in a research report on Thursday, April 2nd. They issued a “sell (e+)” rating for the company. Finally, Clear Str upgraded Forum Markets to a “strong-buy” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.00.

Forum Markets Company Profile

Forum Markets Inc is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The company structures cash-generating assets on blockchain-based infrastructure to facilitate liquidity, investor access, and primary and secondary market activity. It combines traditional asset management practices with digital market infrastructure to support the origination, distribution, and trading of real-world assets.