Forum Markets (NASDAQ:FRMM) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen lowered shares of Forum Markets (NASDAQ:FRMM) from a sell rating to a strong sell rating in a report issued on Saturday.

Other research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Forum Markets from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Zacks Research raised Forum Markets to a “hold” rating in a research report on Friday, May 29th. Clear Str upgraded Forum Markets to a “strong-buy” rating in a research note on Monday, May 11th. Loop Capital set a $11.00 price objective on Forum Markets in a research note on Monday, May 11th. Finally, Benchmark boosted their price objective 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 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 assigned a Sell rating to the stock. According to data from MarketBeat, Forum Markets presently has an average rating of “Moderate Buy” and an average price target of $10.00.

Forum Markets Trading Down 6.3%

Shares of NASDAQ FRMM opened at $5.48 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 6.19 and a current ratio of 2.69. Forum Markets has a 12 month low of $1.76 and a 12 month high of $37.50. The company’s 50 day simple moving average is $5.73. The firm has a market cap of $72.34 million, a PE ratio of -0.16 and a beta of 1.38.

Forum Markets (NASDAQ:FRMM) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.52). The business had revenue of $1.37 million during the quarter, compared to analysts’ expectations of $3.30 million. Forum Markets had a negative net margin of 4,971.75% and a negative return on equity of 216.23%. Analysts forecast that Forum Markets will post -5.38 EPS for the current year.

Insider Buying and Selling at Forum Markets

In other news, major shareholder Konstantin Lomashuk sold 250,000 shares of Forum Markets stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $6.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the insider directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, 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.