Forum Markets Target of Unusually Large Options Trading (NASDAQ:FRMM)

Forum Markets, Inc (NASDAQ:FRMM – Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock investors bought 10,814 call options on the company. This represents an increase of approximately 2,768% compared to the average volume of 377 call options.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FRMM. Weiss Ratings restated a “sell (e+)” rating on shares of Forum Markets in a research note on Tuesday, June 30th. Zacks Research raised Forum Markets to a “hold” rating in a report on Friday, May 29th. Clear Str upgraded Forum Markets to a “strong-buy” rating in a research note on Monday, May 11th. Benchmark lifted their price objective on Forum Markets from $5.00 to $9.00 and gave the stock a “speculative buy” rating in a report on Friday, May 15th. Finally, Loop Capital set a $11.00 target price on Forum Markets in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

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Forum Markets Trading Up 13.1%

FRMM stock traded up $0.79 during mid-day trading on Monday, hitting $6.81. 580,580 shares of the company were exchanged, compared to its average volume of 863,372. The stock’s fifty day moving average is $4.92. The firm has a market cap of $98.99 million, a P/E ratio of -0.19 and a beta of 1.37. Forum Markets has a twelve month low of $1.76 and a twelve month high of $174.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.19 and a quick ratio of 6.19.

Forum Markets (NASDAQ:FRMM – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($3.64) earnings per share (EPS) for the quarter. The firm had revenue of $2.86 million for the quarter. As a group, sell-side analysts anticipate that Forum Markets will post -4.74 earnings per share for the current year.

Forum Markets Company Profile

(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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