Key Points
- Major shareholder Konstantin Lomashuk sold 3,387 Forum Markets shares on July 9 at an average price of $6.15, totaling about $20,830. After the sale, he still held 1,479,200 shares, a 0.23% reduction in ownership.
- Lomashuk also sold shares on consecutive prior days, including 1,100 shares on July 8 and 3,702 shares on July 7, continuing a short streak of insider selling.
- Forum Markets remains a volatile, closely watched stock with a market cap of about $91 million, a 52-week range of $1.76 to $174.60, and analysts currently split but leaning positive with an average “Moderate Buy” rating and $10 price target.
Forum Markets, Inc (NASDAQ:FRMM - Get Free Report) major shareholder Konstantin Lomashuk sold 3,387 shares of the firm's stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $6.15, for a total value of $20,830.05. Following the transaction, the insider owned 1,479,200 shares of the company's stock, valued at $9,097,080. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Konstantin Lomashuk also recently made the following trade(s):
- On Wednesday, July 8th, Konstantin Lomashuk sold 1,100 shares of Forum Markets stock. The stock was sold at an average price of $6.13, for a total value of $6,743.00.
- On Tuesday, July 7th, Konstantin Lomashuk sold 3,702 shares of Forum Markets stock. The shares were sold at an average price of $6.41, for a total value of $23,729.82.
Forum Markets Stock Performance
NASDAQ:FRMM opened at $6.80 on Wednesday. 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, Inc has a fifty-two week low of $1.76 and a fifty-two week high of $174.60. The firm's 50 day moving average price is $5.08. The firm has a market cap of $91.06 million, a P/E ratio of -0.19 and a beta of 1.37.
Forum Markets (NASDAQ:FRMM - Get Free Report) last issued 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. Research analysts predict that Forum Markets, Inc will post -4.74 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have commented on FRMM shares. Clear Str raised shares of Forum Markets to a "strong-buy" rating in a research report on Monday, May 11th. Loop Capital set a $11.00 price objective on Forum Markets in a research report on Monday, May 11th. Benchmark upped their target price on Forum Markets from $5.00 to $9.00 and gave the company a "speculative buy" rating in a research report on Friday, May 15th. Wall Street Zen cut Forum Markets from a "hold" rating to a "sell" rating in a research note on Saturday, June 27th. Finally, Zacks Research upgraded Forum Markets to a "hold" rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $10.00.
Get Our Latest Stock Report on FRMM
About Forum Markets
(
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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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