Forum Markets (NASDAQ:FRMM) Posts Quarterly Earnings Results

by · The Cerbat Gem

Forum Markets (NASDAQ:FRMM – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($3.64) EPS for the quarter, Zacks reports.

Forum Markets Trading Up 9.2%

Shares of NASDAQ:FRMM traded up $0.41 during trading on Thursday, reaching $4.87. The company had a trading volume of 502,287 shares, compared to its average volume of 2,955,102. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.11. The firm has a market cap of $98.91 million, a P/E ratio of -0.12 and a beta of 1.51. Forum Markets has a twelve month low of $1.76 and a twelve month high of $174.60.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on FRMM

About Forum Markets

(Get Free Report)

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.

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