Forum Markets (NASDAQ:FRMM) Announces Earnings Results

Forum Markets (NASDAQ:FRMM) issued its earnings results on Thursday. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.52), Zacks reports.

Forum Markets Stock Up 0.8%

Shares of FRMM stock traded up $0.05 during trading on Thursday, hitting $6.24. The company had a trading volume of 187,872 shares, compared to its average volume of 761,650. The business’s 50-day simple moving average is $5.65. The firm has a market cap of $83.55 million, a PE ratio of -0.17 and a beta of 1.38. The company has a quick ratio of 6.19, a current ratio of 6.19 and a debt-to-equity ratio of 0.15. Forum Markets has a 52 week low of $1.76 and a 52 week high of $81.00.

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 that occurred on Tuesday, July 21st. The shares were sold at an average price of $6.00, for a total value of $1,500,000.00. Following the completion of the transaction, the insider owned 1,226,638 shares of the company’s stock, valued at $7,359,828. The trade was a 16.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 258,189 shares of company stock worth $1,551,303 in the last three months. Insiders own 25.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FRMM shares. Weiss Ratings raised Forum Markets from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Wall Street Zen lowered Forum Markets from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Zacks Research raised Forum Markets to a “hold” rating in a report on Friday, May 29th. Clear Str upgraded Forum Markets to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Benchmark lifted their target price on Forum Markets from $5.00 to $9.00 and gave the company a “speculative buy” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Forum Markets has a consensus rating of “Moderate Buy” and a consensus price target 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.