Forum Markets (NASDAQ:FRMM) Price Target Raised to $9.00 at Benchmark

Forum Markets (NASDAQ:FRMM) had its price objective raised by Benchmark from $5.00 to $9.00 in a research report report published on Friday, MarketBeat reports. The brokerage currently has a speculative buy rating on the stock.

Several other equities analysts have also recently weighed in on the stock. Weiss Ratings initiated coverage on shares of Forum Markets in a research note on Thursday, April 2nd. They set a “sell (e+)” rating for the company. Loop Capital set a $11.00 target price on shares of Forum Markets in a research note on Monday. Wall Street Zen raised shares of Forum Markets from a “sell” rating to a “hold” rating in a research note on Sunday, April 12th. Finally, Clear Str raised shares of Forum Markets to a “strong-buy” rating in a research note on Monday, May 11th. 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 stock. According to data from MarketBeat.com, Forum Markets currently has an average rating of “Moderate Buy” and an average target price of $10.00.

Forum Markets Stock Down 24.0%

Shares of FRMM stock opened at $3.70 on Friday. Forum Markets has a 12 month low of $1.76 and a 12 month high of $174.60. The company has a market cap of $75.15 million, a price-to-earnings ratio of -0.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.33 and a quick ratio of 0.33.

Forum Markets (NASDAQ:FRMM) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($3.64) earnings per share (EPS) for the quarter. The firm had revenue of $2.86 million for the quarter.

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.