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

Forum Markets, Inc (NASDAQ:FRMM) was the recipient of unusually large options trading activity on Monday. Stock traders bought 10,814 call options on the company. This is an increase of approximately 2,768% compared to the typical volume of 377 call options.

Analyst Upgrades and Downgrades

FRMM has been the topic of a number of research reports. Loop Capital set a $11.00 target price on shares of Forum Markets in a report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forum Markets in a research report on Tuesday, June 30th. Zacks Research upgraded shares of Forum Markets to a “hold” rating in a research note on Friday, May 29th. Benchmark increased their price objective 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. Finally, Wall Street Zen downgraded Forum Markets from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Forum Markets Trading Up 13.1%

FRMM traded up $0.79 during trading on Monday, reaching $6.81. 580,580 shares of the company were exchanged, compared to its average volume of 863,372. Forum Markets has a 52 week low of $1.76 and a 52 week high of $174.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.19 and a current ratio of 6.19. The business’s 50 day moving average price is $4.92. The firm has a market capitalization of $98.99 million, a PE ratio of -0.19 and a beta of 1.37.

Forum Markets (NASDAQ:FRMM) last announced its quarterly 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, analysts forecast that Forum Markets will post -4.74 earnings per share for the current fiscal year.

Forum Markets Company Profile

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.