Wall Street Zen Upgrades Forum Markets (NASDAQ:FRMM) to “Hold”

Forum Markets (NASDAQ:FRMM) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other analysts have also issued research reports about the stock. 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, May 15th. Zacks Research upgraded shares of Forum Markets to a “hold” rating in a research note on Friday, May 29th. Loop Capital set a $11.00 target price on shares of Forum Markets in a research note on Monday, May 11th. Clear Str upgraded shares of Forum Markets to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Weiss Ratings started coverage on shares of Forum Markets in a research note on Thursday, April 2nd. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Forum Markets Stock Performance

Shares of FRMM opened at $5.35 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.19 and a quick ratio of 6.19. The business’s 50 day moving average is $4.19. The company has a market cap of $77.79 million, a price-to-earnings ratio of -0.15 and a beta of 1.45. Forum Markets has a 52 week low of $1.76 and a 52 week high of $174.60.

Forum Markets (NASDAQ:FRMM) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($3.64) EPS for the quarter. The business had revenue of $2.86 million during the quarter. On average, equities analysts forecast that Forum Markets will post -4.74 earnings per share for the current year.

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.