Forum Markets (FRMM)
NASDAQ:FRMM
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FRMM Stock Chart & Stats
$5.11
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Market closed
$5.11
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Day’s Range― - ―
52-Week Range$1.76 - $174.60
Previous CloseN/A
VolumeN/A
Average Volume (3M)10.88M
Market Cap
$105.22M
Enterprise Value$123.40M
Total Cash (Recent Filing)$558.90M
Total Debt (Recent Filing)$546.76M
Price to Earnings (P/E)―
Beta2.79
Next Earnings
Nov 13, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-12.05
Shares Outstanding20,313,110
10 Day Avg. Volume11,273,046
30 Day Avg. Volume10,878,207
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.11
Price to Sales (P/S)3.87
P/FCF Ratio-0.97
Enterprise Value/Market Cap1.17
Enterprise Value/Revenue30.02
Enterprise Value/Gross Profit30.02
Enterprise Value/Ebitda-0.54
Forecast
1Y Price Target
$5.00Price Target Upside-2.15% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)570
Revenue Forecast (FY)$30.41M
Bulls Say, Bears Say
Bulls Say
Modest Leverage (low Debt-to-equity)Low reported debt-to-equity (~0.11) provides the company with balance-sheet flexibility to absorb operating losses and pursue strategic initiatives without immediate refinancing pressure. Over the next several months this reduces short-term solvency risk, preserves optionality for buybacks or asset purchases, and supports execution while cash-generation improves.
Accelerating Revenue GrowthA ~59% top-line increase to roughly $6.5M in 2025 signals demand traction and an inflection in commercial adoption. Sustained revenue acceleration can enable operating leverage, support margin improvement as fixed costs scale, and provide a foundation for tokenization and loan-asset monetization strategies over the 2–6 month horizon if execution continues.
Active Capital Allocation And Strategic ReviewThe board’s reinitiation of buybacks combined with a special committee for strategic options demonstrates proactive capital-allocation and governance discipline. These structural actions can materially change the company’s capital structure or ownership, potentially unlocking value through M&A, asset sales, or concentrated returns while management executes growth initiatives.
Bears Say
Very Large Net LossA nearly $450.5M net loss is a structural headwind that materially erodes equity and requires external financing or significant asset monetization to sustain operations. Such outsized losses overwhelm near-term earnings improvement from revenue growth, raise dilution risk, and complicate any multi-month plan to reach sustainable profitability without decisive strategic actions.
Negative Cash GenerationPersistent negative operating cash flow and roughly -$26.1M free cash flow in 2025 indicate the business cannot self-fund growth or absorb losses. This structural cash burn forces reliance on capital markets, asset sales, or dilutive measures, limiting the firm’s ability to scale loan-purchase programs or tokenization initiatives without raising financing in the coming months.
Low Earnings Quality And VolatilityThe income statement’s characterization that severe losses may reflect one-time or non-operating items undermines visibility into core profitability. High earnings volatility and unclear recurring margins make forecasting and strategic planning harder, elevating execution and refinancing risk during the ongoing strategic review and hampering investor confidence over the medium term.
Forum Markets News
FRMM FAQ
What was Forum Markets’s price range in the past 12 months?
Forum Markets lowest stock price was $1.76 and its highest was $174.60 in the past 12 months.
What is Forum Markets’s market cap?
Forum Markets’s market cap is $105.22M.
When is Forum Markets’s upcoming earnings report date?
Forum Markets’s upcoming earnings report date is Nov 13, 2026 which is in 196 days.
How were Forum Markets’s earnings last quarter?
Forum Markets released its earnings results on Mar 31, 2026. The company reported -$12.048 earnings per share for the quarter, missing the consensus estimate of -$0.22 by -$11.828.
Is Forum Markets overvalued?
According to Wall Street analysts Forum Markets’s price is currently Overvalued.
Does Forum Markets pay dividends?
Forum Markets does not currently pay dividends.
What is Forum Markets’s EPS estimate?
Forum Markets’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Forum Markets have?
Forum Markets has 20,313,110 shares outstanding.
What happened to Forum Markets’s price movement after its last earnings report?
Forum Markets reported an EPS of -$12.048 in its last earnings report, missing expectations of -$0.22. Following the earnings report the stock price went up 4.71%.
Which hedge fund is a major shareholder of Forum Markets?
Currently, no hedge funds are holding shares in FRMM
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Forum Markets Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$5.00 (-2.15% Downside)
$5.00 (-2.15% Downside)
Hedge Fund Trend
Increased
By 632.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▼ 6.1%
Last 30 Days ▼ 6.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-61.20%
12-Months-Change
Fundamentals
Return on Equity
-91.49%
Trailing 12-Months
Asset Growth
816.09%
Trailing 12-Months
Company Description
Forum Markets
ETHZilla Corp. is a technology company in the decentralized finance (DeFi) industry, which intends to connect financial institutions, businesses, and organizations worldwide by enabling secure, accessible blockchain transactions through Ethereum Network protocol implementations. It continues to maintain the deployment and development of its biotech and gaming operations. The company was founded by Marc Feldmann, Lawrence J. Steinman, and Jonathan B. Rothbard on September 7, 2016 and is headquartered in Palm Beach, FL.
FRMM Company Deck
FRMM Earnings Call
Q4 2026
0:00 / 0:00
FRMM Stock 12 Month Forecast
Average Price Target
$5.00
▼(-2.15% Downside)
Technical Analysis
TruBridge
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So-Young International
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Coincheck Group
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Fold Holdings
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Alto Neuroscience, Inc.
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Ownership Overview
34.43% Insiders
1.48% Mutual Funds
0.28% Other Institutional Investors
62.03% Public Companies and Individual Investors
Options Prices
Currently, No data available
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