Forum Markets (NASDAQ:FRMM) Upgraded by Wall Street Zen to Sell Rating

Wall Street Zen upgraded shares of Forum Markets (NASDAQ:FRMM) from a strong sell rating to a sell rating in a research report sent to investors on Sunday.

Other equities analysts have also recently issued research reports about the stock. Clear Str upgraded shares of Forum Markets to a “strong-buy” rating in a research report on Monday, May 11th. Loop Capital set a $11.00 price target on Forum Markets in a research note on Monday, May 11th. Zacks Research upgraded Forum Markets to a “hold” rating in a research report on Friday, May 29th. Benchmark increased their price objective on Forum Markets from $5.00 to $9.00 and gave the company a “speculative buy” rating in a research note on Friday, May 15th. Finally, Weiss Ratings raised shares of Forum Markets from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Forum Markets Price Performance

FRMM stock opened at $5.86 on Friday. The business has a 50 day moving average of $5.80. The stock has a market cap of $77.35 million, a PE ratio of -0.17 and a beta of 1.38. Forum Markets has a one year low of $1.76 and a one year high of $29.60. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.20.

Forum Markets (NASDAQ:FRMM) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.52). The company had revenue of $1.37 million for the quarter, compared to analysts’ expectations of $3.30 million. Forum Markets had a negative net margin of 4,971.75% and a negative return on equity of 216.23%. On average, research analysts expect that Forum Markets will post -5.38 EPS for the current fiscal year.

Insider Transactions at Forum Markets

In other Forum Markets news, major shareholder Konstantin Lomashuk sold 250,000 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $6.00, for a total value of $1,500,000.00. Following the sale, the insider directly owned 1,226,638 shares of the company’s stock, valued at approximately $7,359,828. The trade was a 16.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 258,189 shares of company stock worth $1,551,303 in the last three months. 25.20% of the stock is currently owned by insiders.

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.