Forum Markets (NASDAQ:FRMM) Posts Earnings Results

Forum Markets (NASDAQ:FRMM) issued its quarterly earnings data on Thursday. The company reported ($3.64) earnings per share (EPS) for the quarter, Zacks reports.

Forum Markets Trading Up 9.2%

FRMM stock traded up $0.41 during trading on Thursday, reaching $4.87. The stock had a trading volume of 502,287 shares, compared to its average volume of 2,955,102. Forum Markets has a one year low of $1.76 and a one year high of $174.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $98.91 million, a price-to-earnings ratio of -0.12 and a beta of 1.51.

Wall Street Analyst Weigh In

FRMM has been the subject of a number of recent analyst reports. Benchmark initiated coverage on shares of Forum Markets in a research report on Tuesday, April 7th. They issued a “speculative buy” rating and a $5.00 price objective for the company. Wall Street Zen raised shares of Forum Markets from a “sell” rating to a “hold” rating in a research report on Sunday, April 12th. Loop Capital set a $11.00 price objective on shares of Forum Markets in a research report on Monday. Finally, Weiss Ratings initiated coverage on shares of Forum Markets in a research report on Thursday, April 2nd. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.00.

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.