Forum Markets (NASDAQ:FRMM) Given New $9.00 Price Target at Benchmark

Forum Markets (NASDAQ:FRMM) had its price objective increased by analysts at Benchmark from $5.00 to $9.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “speculative buy” rating on the stock. Benchmark’s price objective points to a potential upside of 84.80% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Clear Str raised Forum Markets to a “strong-buy” rating in a research note on Monday. Weiss Ratings started coverage on Forum Markets in a report on Thursday, April 2nd. They set a “sell (e+)” rating on the stock. Loop Capital set a $11.00 price target on shares of Forum Markets in a research report on Monday. Finally, Wall Street Zen raised shares of Forum Markets from a “sell” rating to a “hold” rating in a report on Sunday, April 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Forum Markets presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Forum Markets Trading Up 9.2%

FRMM stock opened at $4.87 on Friday. The stock has a market capitalization of $98.91 million, a price-to-earnings ratio of -0.12 and a beta of 1.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.33 and a quick ratio of 0.33. Forum Markets has a 12 month low of $1.76 and a 12 month high of $174.60.

Forum Markets (NASDAQ:FRMM) last issued its earnings results on Thursday, May 14th. The company reported ($3.64) earnings per share for the quarter.

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.