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

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

A number of other research analysts have also weighed in on FRMM. Weiss Ratings began coverage on Forum Markets in a report on Thursday, April 2nd. They set a “sell (e+)” rating on the stock. Zacks Research raised shares of Forum Markets to a “hold” rating in a report on Friday, May 29th. Benchmark boosted their price target on Forum Markets from $5.00 to $9.00 and gave the company a “speculative buy” rating in a research note on Friday, May 15th. Clear Str upgraded shares of Forum Markets to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Loop Capital set a $11.00 target price on Forum Markets in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.00.

Forum Markets Price Performance

Forum Markets stock opened at $5.58 on Friday. The firm has a market cap of $81.13 million, a P/E ratio of -0.15 and a beta of 1.45. The business’s 50-day simple moving average is $4.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.19 and a current ratio of 6.19. Forum Markets has a one year low of $1.76 and a one year high of $174.60.

Forum Markets (NASDAQ:FRMM) last released its earnings results on Thursday, May 14th. The company reported ($3.64) earnings per share for the quarter. The company had revenue of $2.86 million for the quarter. As a group, sell-side analysts expect 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.