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

Wall Street Zen downgraded shares of Forum Markets (NASDAQ:FRMM) from a hold rating to a sell rating in a research report released on Saturday.

A number of other analysts have also weighed in on the stock. Clear Str upgraded shares of Forum Markets to a “strong-buy” rating in a research note on Monday, May 11th. Loop Capital set a $11.00 target price on shares of Forum Markets in a research note on Monday, May 11th. Benchmark upped their target price on shares of Forum Markets from $5.00 to $9.00 and gave the stock a “speculative buy” rating in a research note on Friday. Finally, Weiss Ratings began coverage on shares of Forum Markets in a research note on Thursday, April 2nd. They set a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Forum Markets presently has an average rating of “Moderate Buy” and an average price target of $10.00.

Forum Markets Stock Performance

Shares of FRMM opened at $3.70 on Friday. The stock has a market capitalization of $75.16 million, a P/E ratio of -0.10 and a beta of 1.51. Forum Markets has a 12-month low of $1.76 and a 12-month 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.

Forum Markets (NASDAQ:FRMM) last issued its quarterly earnings results 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.

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.