Forum Markets (NASDAQ:FRMM) Shares Climb 2.2% – Should You Buy?

Forum Markets, Inc (NASDAQ:FRMM)’s share price shot up 2.2% during mid-day trading on Wednesday. The company traded as high as $5.22 and last traded at $5.14. 128,353 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 118,229 shares. The stock had previously closed at $5.03.

Wall Street Analyst Weigh In

FRMM has been the topic of several analyst reports. Weiss Ratings raised Forum Markets from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Zacks Research upgraded shares of Forum Markets to a “hold” rating in a report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of Forum Markets from a “strong sell” rating to a “sell” rating in a report on Sunday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Forum Markets Price Performance

The company has a market cap of $66.53 million, a price-to-earnings ratio of -0.15 and a beta of 1.43. The business’s fifty day moving average is $5.49. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.20.

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

Insider Buying and Selling at Forum Markets

In related news, major shareholder Konstantin Lomashuk sold 250,000 shares of Forum Markets stock in a transaction 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 owned 1,226,638 shares of the company’s stock, valued at $7,359,828. This trade represents a 16.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 258,189 shares of company stock worth $1,551,303 in the last ninety days. Corporate insiders own 25.20% of the company’s stock.

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.