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FRMM Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
4.680
Open
4.600
VWAP
4.59
Vol
72.09K
Mkt Cap
65.78M
Low
4.477
Amount
331.22K
EV/EBITDA(TTM)
--
Total Shares
14.65M
EV
117.23M
EV/OCF(TTM)
--
P/S(TTM)
3.76
Forum Markets, Incorporated, formerly ETHZilla Corporation, provides a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The Company structures and brings cash-generating assets onto blockchain-based infrastructure to unlock liquidity, broaden investor access, and enable more efficient primary issuance and secondary market activity. Its products include tokenized industrial equipment, tokenized private credit, and tokenized real estate. It operates across the full tokenization lifecycle, from asset origination through to scaled distribution. Its commercial real estate tokenization focuses on office buildings, retail centers, and industrial warehouses. Its aerospace tokenization products seek to offer investors exposure to essential infrastructure of global commerce, with each token representing fractional ownership in revenue-generating aviation assets.
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Events Timeline

(ET)
2026-04-29
11:30:00
Robinhood Q1 Crypto Transaction Revenue Down 47%
select
2026-04-17 (ET)
2026-04-17
08:40:00
Forum Markets Reinitiates Share Repurchase Program
select
2026-04-08 (ET)
2026-04-08
12:21:00
Morgan Stanley Launches Bitcoin ETF at Industry-Low 0.14% Fee
select

News

PRnewswire
7.0
14:56 PMPRnewswire
Purcell & Lefkowitz Investigates Forum Markets for Shareholder Rights
  • Investigation Launched: Purcell & Lefkowitz LLP has announced an investigation into Forum Markets, Incorporated (NASDAQ:FRMM) to determine if the company's directors breached their fiduciary duties in recent corporate actions, potentially impacting shareholder interests.
  • Shareholder Rights Focus: The investigation emphasizes the protection of shareholder rights, with the law firm offering free consultations to encourage shareholders to understand their rights and options, reflecting a commitment to corporate governance transparency.
  • Legal Service Commitment: Purcell & Lefkowitz LLP is dedicated to representing shareholders nationwide in cases of securities fraud and breaches of fiduciary duty, showcasing its professionalism and commitment to safeguarding shareholder interests.
  • Contact Information Provided: Shareholders seeking more information can directly contact the law firm via email or phone, ensuring they receive timely legal support and consultation related to the case.
PRnewswire
9.5
04-30PRnewswire
Forum Markets to Release Q1 2026 Financial Results on May 14
  • Earnings Release Schedule: Forum Markets expects to release its financial results for Q1 2026 on May 14 before U.S. market open, reflecting the company's commitment to transparency and investor communication.
  • Executive Webcast: CEO McAndrew Rudisill and CFO John Saunders will host a live webcast at 10:30 a.m. EDT on the same day to discuss financial results and operational updates, aiming to enhance investor confidence and provide deeper business insights.
  • Digital Asset Platform Focus: Forum Markets is modernizing capital markets through the tokenization of cash-generating assets, leveraging blockchain infrastructure to unlock liquidity and broaden investor access, highlighting its strategic importance in the digital asset space.
  • Market Structure Innovation: The company integrates traditional asset management principles with scalable digital market architecture to build a new framework for trading alternative assets, aiming to improve efficiency in primary issuance and secondary market activities, thereby driving industry advancement.
Newsfilter
9.5
04-30Newsfilter
Forum Markets to Release Q1 2026 Financial Results on May 14
  • Earnings Release Schedule: Forum Markets plans to release its financial results for the first quarter ended March 31, 2026, before U.S. markets open on May 14, indicating the company's commitment to transparency and investor communication.
  • Executive Webcast: CEO McAndrew Rudisill and CFO John Saunders will host a live webcast on the same day at 10:30 a.m. EDT to discuss financial results and operational updates, aiming to enhance investor confidence and provide deeper business insights.
  • Digital Asset Platform Focus: Forum Markets is modernizing capital markets through the tokenization of cash-generating assets, leveraging blockchain infrastructure to unlock liquidity and broaden investor access, showcasing its innovative potential in the fintech sector.
  • Market Architecture Integration: The company integrates traditional asset management principles with scalable digital market architecture to build a new framework for trading alternative assets, aiming to enhance efficiency in primary issuance and secondary market activities, reflecting its strategic development direction.
seekingalpha
8.0
04-29seekingalpha
Forum Markets Repurchases 5.65M Shares
  • Buyback Program Launch: Since relaunching its buyback program on April 15, Forum Markets has repurchased approximately 5.65 million shares, reflecting the company's confidence in its value and likely enhancing investor sentiment.
  • Funding Details: The company spent about $24.1 million on these repurchases at an average price of $4.26 per share, funded from existing cash, indicating a robust financial position that supports such capital activities.
  • Share Count Reduction: Following the buyback, Forum Markets has approximately 14.65 million shares outstanding as of April 28, which could enhance earnings per share potential and positively impact shareholder returns.
  • Future Buyback Plans: The company indicated it may continue repurchases through open market or private transactions depending on market conditions and other factors, providing flexibility to optimize capital allocation in varying market environments.
stocktwits
8.0
04-17stocktwits
Forum Markets Restarts Share Repurchase Program Amid Strategic Review
  • Share Repurchase Program Restart: Forum Markets Inc. announced the restart of its share repurchase program effective April 15, with the board unanimously viewing the current price levels as a testament to the company's intrinsic value, which is expected to enhance investor confidence and boost stock performance.
  • Special Committee Formation: The company has established a special committee with independent directors to evaluate proposals aimed at maximizing company value, including potential mergers and acquisitions, the sale of the company or its material assets, and new partnerships to accelerate growth and platform development.
  • Significant Stock Surge: Following the announcement of the share repurchase program restart, Forum Markets' shares surged over 53% on Friday, and if these gains hold, it would mark the highest climb in about eight months, indicating optimistic market sentiment regarding the company's future prospects.
  • Investor Sentiment Shift: Retail sentiment around FRMM stock on Stocktwits shifted from 'bullish' to 'extremely bullish' within the past 24 hours amid extremely high message volumes, reflecting investor expectations for the company's share buyback and potential one-time cash dividend, which could further drive the stock price upward.
PRnewswire
8.5
04-17PRnewswire
Forum Markets Reinitiates Share Repurchase Program to Enhance Shareholder Value
  • Share Repurchase Program Reinitiated: Forum Markets' Board has reinitiated its share repurchase program effective April 15, 2026, with plans to exceed the limitations of Rule 10b-18, reflecting the Board's strong conviction in the company's intrinsic value and aiming to enhance shareholder value.
  • Formation of Special Committee: A Special Committee composed entirely of independent directors has been established to evaluate proposals aimed at narrowing the gap between the company's current market value and intrinsic value, ensuring optimal outcomes for shareholders through engagement with interested parties.
  • Independent Financial Advisor Retained: The Board has retained Clear Street Investment Banking as its independent financial advisor to provide rigorous third-party valuation analysis and support the Special Committee in identifying and evaluating strategic opportunities to maximize company value.
  • Continued Business Plan Execution: While evaluating various proposals, Forum will continue to focus on executing across its business lines and pursuing revenue and cash flow growth, ensuring the company's competitiveness and sustainable development in the market.
Wall Street analysts forecast FRMM stock price to rise
0 Analyst Rating
Wall Street analysts forecast FRMM stock price to rise
0 Buy
0 Hold
0 Sell
Current: 0.000
sliders
Low
Averages
High
Current: 0.000
sliders
Low
Averages
High
Clear Street
Buy
initiated
$11
AI Analysis
2026-05-11
New
Reason
Clear Street
Price Target
$11
AI Analysis
2026-05-11
New
initiated
Buy
Reason
Clear Street initiated coverage of Forum Markets with a Buy rating and $11 price target. The stock is undervalued given a live tokenized aviation product, an active auto loan warehouse facility, and an AI chip bridge financing program, the analyst tells investors in a research note. The firm adds that it sees 145% upside for Forum Markets as revenue shifts from ETH-linked yield toward origination, structuring, and asset management fees.
Benchmark
initiated
$5
2026-04-07
Reason
Benchmark
Price Target
$5
2026-04-07
initiated
Reason
As previously reported, Benchmark initiated coverage of Forum Markets with a Speculative Buy rating and $5 price target. Forum Markets stands at \"the forefront of a seismic shift in global capital markets,\" says the analyst, who notes that the company has executed a swift pivot into institutional-grade real-world asset tokenization on Ethereum Layer-2 networks. Forum is \"positioned for rapid growth as the tokenized RWA market explodes,\" the analyst added.
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Valuation Metrics

The current forward P/E ratio for Forum Markets, Inc (FRMM.O) is 6.08, compared to its 5-year average forward P/E of 6.08. For a more detailed relative valuation and DCF analysis to assess Forum Markets, Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
6.08
Current PE
6.08
Overvalued PE
6.08
Undervalued PE
6.08

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-0.48
Current EV/EBITDA
-0.45
Overvalued EV/EBITDA
-0.37
Undervalued EV/EBITDA
-0.60

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.47
Current PS
1.39
Overvalued PS
1.95
Undervalued PS
0.98

Financials

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FRMM
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Frequently Asked Questions

What is Forum Markets, Inc (FRMM) stock price today?

The current price of FRMM is 4.625 USD — it has increased 3.01

What is Forum Markets, Inc (FRMM)'s business?

Forum Markets, Incorporated, formerly ETHZilla Corporation, provides a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The Company structures and brings cash-generating assets onto blockchain-based infrastructure to unlock liquidity, broaden investor access, and enable more efficient primary issuance and secondary market activity. Its products include tokenized industrial equipment, tokenized private credit, and tokenized real estate. It operates across the full tokenization lifecycle, from asset origination through to scaled distribution. Its commercial real estate tokenization focuses on office buildings, retail centers, and industrial warehouses. Its aerospace tokenization products seek to offer investors exposure to essential infrastructure of global commerce, with each token representing fractional ownership in revenue-generating aviation assets.

What is the price predicton of FRMM Stock?

Wall Street analysts forecast FRMM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRMM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Forum Markets, Inc (FRMM)'s revenue for the last quarter?

Forum Markets, Inc revenue for the last quarter amounts to 2.44M USD, decreased

What is Forum Markets, Inc (FRMM)'s earnings per share (EPS) for the last quarter?

Forum Markets, Inc. EPS for the last quarter amounts to -11.97 USD, decreased -89.07

How many employees does Forum Markets, Inc (FRMM). have?

Forum Markets, Inc (FRMM) has 0 emplpoyees as of May 12 2026.

What is Forum Markets, Inc (FRMM) market cap?

Today FRMM has the market capitalization of 65.78M USD.