Forum Markets (NASDAQ:FRMM) Posts Earnings Results, Misses Estimates By $0.52 EPS

Forum Markets (NASDAQ:FRMM) issued its quarterly earnings results on Thursday. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.52), Zacks reports. Forum Markets had a negative return on equity of 186.48% and a negative net margin of 4,971.75%.The company had revenue of $1.37 million for the quarter, compared to analyst estimates of $3.30 million.

Forum Markets Stock Performance

FRMM traded down $0.15 during trading on Friday, reaching $6.09. 76,725 shares of the stock were exchanged, compared to its average volume of 237,902. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.19 and a current ratio of 6.19. The business’s 50 day moving average price is $5.70. Forum Markets has a twelve month low of $1.76 and a twelve month high of $74.50. The company has a market cap of $81.55 million, a PE ratio of -0.18 and a beta of 1.38.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Clear Str upgraded Forum Markets to a “strong-buy” rating in a report on Monday, May 11th. Loop Capital set a $11.00 price objective on shares of Forum Markets in a research report on Monday, May 11th. Weiss Ratings raised shares of Forum Markets from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Zacks Research upgraded Forum Markets to a “hold” rating in a report on Friday, May 29th. Finally, Wall Street Zen lowered Forum Markets from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Forum Markets currently has an average rating of “Moderate Buy” and an average price target of $10.00.

Insider Buying and Selling at Forum Markets

In related news, major shareholder Konstantin Lomashuk sold 250,000 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 1,226,638 shares in the company, valued at approximately $7,359,828. This trade represents a 16.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 258,189 shares of company stock worth $1,551,303. 25.20% of the stock is owned by insiders.

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.