Forum Markets (NASDAQ:FRMM) Releases Earnings Results

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

Forum Markets Price Performance

FRMM traded down $0.98 during trading hours on Friday, reaching $3.89. 605,317 shares of the company’s stock traded hands, compared to its average volume of 1,055,509. Forum Markets has a 52-week low of $1.76 and a 52-week high of $174.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.11. The stock has a market cap of $79.01 million, a P/E ratio of -0.10 and a beta of 1.51.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FRMM. Weiss Ratings began coverage on Forum Markets in a report on Thursday, April 2nd. They issued a “sell (e+)” rating for the company. Benchmark lifted their target price on Forum Markets from $5.00 to $9.00 and gave the stock a “speculative buy” rating in a report on Friday. Wall Street Zen upgraded Forum Markets from a “sell” rating to a “hold” rating in a report on Sunday, April 12th. Loop Capital set a $11.00 target price on Forum Markets in a report on Monday. Finally, Clear Str upgraded Forum Markets to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.00.

About Forum Markets

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.