Forum Markets (NASDAQ:FRMM) Stock Rating Lowered by Wall Street Zen

Forum Markets (NASDAQ:FRMM) was downgraded by stock analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday.

Other research analysts also recently issued reports about the company. Zacks Research upgraded Forum Markets to a “hold” rating in a report on Friday, May 29th. Clear Str raised Forum Markets to a “strong-buy” rating in a research report on Monday, May 11th. Benchmark upped 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, May 15th. Loop Capital set a $11.00 price target on Forum Markets in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded Forum Markets from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. One equities research 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Forum Markets Price Performance

Shares of FRMM stock opened at $5.48 on Friday. The company has a market cap of $72.34 million, a P/E ratio of -0.16 and a beta of 1.38. The stock has a 50-day moving average of $5.73. Forum Markets has a one year low of $1.76 and a one year high of $37.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.69 and a quick ratio of 2.69.

Forum Markets (NASDAQ:FRMM) last posted its quarterly earnings results 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 the consensus estimate 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 stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $6.00, for a total transaction of $1,500,000.00. Following the sale, the insider owned 1,226,638 shares of the company’s stock, valued at approximately $7,359,828. This trade represents a 16.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 258,189 shares of company stock worth $1,551,303. 25.20% of the stock is currently owned by company insiders.

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.