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FRMM Stock Chart & Stats
$5.88
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Market closed
$5.88
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Day’s Range― - ―
52-Week Range$1.76 - $21.10
Previous CloseN/A
VolumeN/A
Average Volume (3M)140.64K
Market Cap
$45.54M
Enterprise Value$114.52M
Total Cash (Recent Filing)$4.10M
Total Debt (Recent Filing)$25.95M
Price to Earnings (P/E)―
Beta2.78
Next Earnings
Nov 12, 2026EPS Estimate
-0.34Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-33.17
Shares Outstanding13,198,948
10 Day Avg. Volume184,851
30 Day Avg. Volume140,641
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.17
Price to Sales (P/S)6.11
P/FCF Ratio-1.54
Enterprise Value/Market Cap2.51
Enterprise Value/Revenue10.63
Enterprise Value/Gross Profit12.91
Enterprise Value/Ebitda-0.22
Forecast
1Y Price Target
$13.00Price Target Upside121.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-3.7
Revenue Forecast (FY)$15.82M
Bulls Say, Bears Say
Bulls Say
Revenue Growth And Gross MarginRevenue growth alongside an approximately 82% gross margin indicates the offering is producing economically valuable sales and gaining traction. If growth persists, the strong gross-profit profile can provide a foundation for operating leverage, although current earnings show that scale has not yet been achieved.
AI GPU Capacity ContractThe multi-year GPU reservation creates contracted demand and improves potential revenue visibility for Forum Edge’s AI infrastructure strategy. Fireworks’ substantial prepayment also supports project funding, while the first customer commitment provides commercial validation for the company’s planned compute deployments.
AI Infrastructure Joint VentureThe majority-owned joint venture gives Forum control of a scalable AI infrastructure platform built around existing power, permits and sites. Project-level risk isolation and long-term offtake matched with financing could support expansion while reducing reliance on purely speculative capacity buildout.
Bears Say
Persistent Extreme LossesThe scale of losses relative to revenue shows that operating costs remain far out of proportion to the current business base. Persistent losses weaken the ability to self-fund expansion, raise the execution burden on new initiatives, and leave future profitability highly dependent on substantial operating improvement.
Ongoing Cash BurnMaterially negative operating and free cash flow means the company is consuming cash rather than funding operations internally. Continued burn can constrain investment flexibility and increase dependence on customer deposits, debt, or other financing as Forum develops its AI infrastructure and leasing activities.
Eroding Equity BaseThe sharp reduction in equity indicates that sustained losses have materially weakened the capital base despite currently moderate leverage. A smaller equity cushion reduces resilience if projects underperform, limits financial flexibility, and makes future capital allocation more sensitive to execution outcomes.
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 $21.10 in the past 12 months.
What is Forum Markets’s market cap?
Forum Markets’s market cap is $45.54M.
When is Forum Markets’s upcoming earnings report date?
Forum Markets’s upcoming earnings report date is Nov 12, 2026 which is in 11 days.
How were Forum Markets’s earnings last quarter?
Forum Markets released its earnings results on Aug 13, 2026. The company reported -$0.73 earnings per share for the quarter, missing the consensus estimate of -$0.26 by -$0.47.
Is Forum Markets overvalued?
According to Wall Street analysts Forum Markets’s price is currently Undervalued.
Does Forum Markets pay dividends?
Forum Markets does not currently pay dividends.
What is Forum Markets’s EPS estimate?
Forum Markets’s EPS estimate is -0.34.
How many shares outstanding does Forum Markets have?
Forum Markets has 13,198,948 shares outstanding.
What happened to Forum Markets’s price movement after its last earnings report?
Forum Markets reported an EPS of -$0.73 in its last earnings report, missing expectations of -$0.26. Following the earnings report the stock price went up 0.808%.
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
Underperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$13.00 (121.09% Upside)
$13.00 (121.09% Upside)
Hedge Fund Trend
Decreased
By 647.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▲ 1.3%
Last 30 Days ▼ 0.4%
Last 30 Days ▼ 0.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-82.81%
12-Months-Change
Fundamentals
Return on Equity
-215.13%
Trailing 12-Months
Asset Growth
1384.31%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Forum Markets
Operating within the decentralized finance (DeFi) sector, ETHZilla Corp. is a technology firm. Its core mission is to facilitate global connectivity among financial institutions, enterprises, and various organizations by providing secure and readily accessible blockchain transactions, leveraging implementations of the Ethereum Network protocol. Furthermore, the company sustains its efforts in the biotechnology and gaming industries, overseeing their deployment and ongoing advancement. Founded on September 7, 2016, by Marc Feldmann, Lawrence J. Steinman, and Jonathan B. Rothbard, ETHZilla Corp. is headquartered in Palm Beach, Florida.
FRMM Company Deck
FRMM Earnings Call
Q2 2026
0:00 / 0:00
FRMM Stock 12 Month Forecast
Average Price Target
$13.00
▲(121.09% Upside)
Technical Analysis
Ownership Overview
36.70% Insiders
3.23% Mutual Funds
11.76% Other Institutional Investors
46.24% Public Companies and
Individual Investors