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Updated 1d ago
FRMM logo

Forum Markets, IncorporatedNasdaqCM:FRMM Stock Report

Market Cap US$61.0m
Updated 1d ago
Share Price
n/a
1Y-81.2%
7D-18.2%
1D-1.9%
Portfolio Value
​
View

Forum Markets, Incorporated

NasdaqCM:FRMM Stock Report

Market Cap: US$61.0m

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Forum Markets (FRMM) Stock Overview

A financial technology company, develops a blockchain-based platform focused on the acquisition, structuring, and tokenization of real-world assets worldwide. More details

FRMM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Rewards

Trading at 93.6% below our estimate of its fair value

Earnings are forecast to grow 127.09% per year

Risk Analysis

Has less than 1 year of cash runway

Significant insider selling over the past 3 months

Volatile share price over the past 3 months compared to the US market

Does not have a meaningful market cap ($61M)


FRMM Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
52.3% undervalued intrinsic discount
AnalystConsensusTarget
•2mo ago

Ethereum Yield And Tokenized Assets Will Drive Future Forum Markets Upside

62
0
1

Top Analyst Narratives

FRMM logo
Forum Markets
52.3% undervalued intrinsic discount

Ethereum Yield And Tokenized Assets Will Drive Future Forum Markets Upside

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 26 Jun
Read Narrative
View all narratives

Forum Markets, Incorporated Competitors

Pelthos Therapeutics

Symbol: NYSEAM:PTHS
Market cap: US$89.7m

Citius Oncology

Symbol: NasdaqCM:CTOR
Market cap: US$99.4m

Xilio Therapeutics

Symbol: NasdaqCM:XLO
Market cap: US$59.2m

CapForce

Symbol: OTCPK:CFOR
Market cap: US$57.0m

Price History & Performance

Summary of share price highs, lows and changes for Forum Markets
Historical stock prices
Current Share PriceUS$4.53
52 Week HighUS$27.20
52 Week LowUS$1.76
Beta1.46
1 Month Change-27.52%
3 Month Change-15.33%
1 Year Change-81.20%
3 Year Change-95.82%
5 Year Change-99.90%
Change since IPO-99.90%

Recent News & Updates

User avatar
Narrative Update • Jun 26

FRMM: Share Repurchase And Special Committee Review Will Reshape Future Profile

Analysts have lifted the Forum Markets price target to $9 from $5, citing the company's first earnings report as a full real world asset tokenization platform, its $24.9M cash-funded repurchase and retirement of about 5.8M shares, the formation of a special committee to review strategic alternatives, and the launch of a fourth origination vertical. Analyst Commentary Analyst coverage of Forum Markets focuses on how the company is positioning itself as a full real world asset tokenization platform, how it is using its cash balance, and what the current review of strategic alternatives could mean for valuation and execution risk.

Recent updates

User avatar
Narrative Update • Jun 26

FRMM: Share Repurchase And Special Committee Review Will Reshape Future Profile

Analysts have lifted the Forum Markets price target to $9 from $5, citing the company's first earnings report as a full real world asset tokenization platform, its $24.9M cash-funded repurchase and retirement of about 5.8M shares, the formation of a special committee to review strategic alternatives, and the launch of a fourth origination vertical. Analyst Commentary Analyst coverage of Forum Markets focuses on how the company is positioning itself as a full real world asset tokenization platform, how it is using its cash balance, and what the current review of strategic alternatives could mean for valuation and execution risk.
User avatar
New Narrative • Apr 08

Ethereum Yield And Tokenized Assets Will Drive Future Forum Markets Upside

Catalysts About Forum Markets Forum Markets operates a technology platform that connects traditional finance with decentralized finance using Ethereum, combining ETH based yield generation with infrastructure for trading tokenized real world assets. What are the underlying business or industry changes driving this perspective?
Seeking Alpha • Jul 18

180 Life Sciences to raise $6.5M in direct stock offering

180 Life Sciences (NASDAQ:ATNF) stated Monday the company has signed a definitive $6.5M stock offering deal with a healthcare-focused U.S. institutional investor.  The deal will include the issue of 6.13M common shares and warrants to purchase up to 6.13M additional share, at combined $1.06 per unit. Warrants have an exercise price of $1.06 per share with expiry of 5 years. The clinical-stage biotechnology said it intends to use the net proceeds for research and development expenses and general corporate purposes. Closing of the offering is expected on July 20, 2022. Stock is down 9% premarket, Monday, to trade at $1.04 vs. 52-week trading range of $0.80 to $9.05. Earlier: 180 Life Sciences falls after updates on regulatory path for anti-fibrosis therapy
Seeking Alpha • Sep 08

180 Life Sciences: Looking At Inflammation With Cannabis (Podcast)

180 Life Sciences' Prof. Sir Marc Feldmann, who co-founded ATNF with cannabis trailblazer Prof. Raphael Mechoulam, joins the podcast with Dr. Jonathan Rothbard, Chief Science Officer. Focusing on pain and inflammation space. Aiming for FDA approval. Human clinical trials. Limitations of bioavailability in CBD; advantages of synthetic CBD.
Analysis Article • Feb 17

What Type Of Shareholders Make Up 180 Life Sciences Corp.'s (NASDAQ:ATNF) Share Registry?

The big shareholder groups in 180 Life Sciences Corp. ( NASDAQ:ATNF ) have power over the company. Large companies...

Shareholder Returns

FRMMUS BiotechsUS Market
7D-18.2%-4.4%-0.2%
1Y-81.2%39.9%14.8%

Return vs Industry: FRMM underperformed the US Biotechs industry which returned 39.9% over the past year.

Return vs Market: FRMM underperformed the US Market which returned 14.8% over the past year.

Price Volatility

Is FRMM's price volatile compared to industry and market?
FRMM volatility
FRMM Average Weekly Movement12.1%
Biotechs Industry Average Movement9.6%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.9%

Stable Share Price: FRMM's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: FRMM's weekly volatility has decreased from 19% to 12% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
n/an/aMcAndrew Rudisillwww.forum-markets.com

Forum Markets, Incorporated, a financial technology company, develops a blockchain-based platform focused on the acquisition, structuring, and tokenization of real-world assets worldwide. The company facilitates decentralized finance (DeFi) transactions and asset digitization across multiple Layer 2 Ethereum networks. It also provides tokenization solutions, DeFi protocol integration, blockchain analytics, traditional-to-digital asset conversion gateways, and other DeFi services.

Forum Markets, Incorporated Fundamentals Summary

How do Forum Markets's earnings and revenue compare to its market cap?
FRMM fundamental statistics
Market capUS$60.98m
Earnings (TTM)-US$530.18m
Revenue (TTM)US$10.77m
5.6x
P/S Ratio
-0.1x
P/E Ratio

Is FRMM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRMM income statement (TTM)
RevenueUS$10.77m
Cost of RevenueUS$1.47m
Gross ProfitUS$9.30m
Other ExpensesUS$539.48m
Earnings-US$530.18m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-40.17
Gross Margin86.32%
Net Profit Margin-4,922.28%
Debt/Equity Ratio20.3%

How did FRMM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 23:16
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Forum Markets, Incorporated is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jason McCarthyMaxim Group
Nazibur RahmanMaxim Group
Brendan Michael McCarthySidoti & Company, LLC

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