Forum Markets, Incorporated (FRMM) Stock Price & Analysis

Forum Markets, Incorporated (FRMM) closed at USD 3.38 on Friday, October 23, 2026, up 1.50% on the day. The US market is currently closed; this is not a live price.

The prior close was USD 3.33; the Oct 23, 2026 session ranged USD 3.18–3.4 on volume of 161,553 shares. Market capitalization is $44.61M, with a 52-week range of USD 1.76–24.44 (NCM). Source: Nexqual, retrieved October 24, 2026 at 06:57 UTC.

Also available as compact Markdown for AI agents: nexqual.com/FRMM.md

Key facts (FRMM)

• Last four reported quarters (through Jun 30, 2026): revenue $10.8M, net income -$536M (-4971.7% margin) (SEC filings).
• Insider open-market sales, last ~7 months: 4 Form 4 filings, $1.6M; 4 not under a Rule 10b5-1 plan ($1.6M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
• Analysts: Strong Buy (mean 1.00 on a 1–5 scale) (1 analysts), mean target USD 11 (range 10–12).
• Total return with dividends: 1Y -81.3% vs S&P 500 +13.4%; 5Y -100.0% vs S&P 500 +76.9%.
• Next earnings: 2026-11-12, EPS estimate USD 0.19, revenue estimate $3.6M.

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FRMM)

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (FRMM)

P/S 4.1x · P/B 0.3x · Earnings yield -1200.35%

Insider sales (SEC Form 4, open-market, last ~7 months) (FRMM)

0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (FRMM)

Consensus Strong Buy (mean 1.00 on a 1–5 scale), 1 analysts; mean target USD 11 (low 10, high 12).

Rating changes, last 120 days:

Total return (dividends reinvested) (FRMM)

FRMM revenue by product line (quarter ended Jun 30, 2026)

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

FRMM company outlook (results filed May 14, 2026)

• “Forum is updating its full-year 2026 outlook to reflect the capital deployed into its share repurchase program.”
• “The 2027 revenue outlook is unchanged. ● The Company now expects to exit 2026 with between $100 million and $175 million in assets under management (AUM) across its tokenized and pre-tokenization credit portfolios, compared with prior guidance of $125 million to $200 million.”
• “AUM is expected to grow asymmetrically in the back half of the year as new origination pipelines come online. ● The Company anticipates total revenue to be in the range of $18 million to $22 million.”

Quoted word-for-word from the SEC 8-K results press release.

FRMM analyst estimates and revisions

Key Statistics (as of October 24, 2026 at 06:57 UTC)

Technical Analysis (FRMM)

Nexqual's technical model rates FRMM "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 24, 2026 at 06:57 UTC.

Analyst Ratings (FRMM)

Wall Street analysts rate FRMM "Strong Buy" based on 1 analysts, with a mean price target of USD 11 (range USD 10–12), per Nexqual as of October 24, 2026 at 06:57 UTC.

Earnings (FRMM)

Recent Earnings History

Source: Nexqual, October 24, 2026 at 06:57 UTC.

Financials & Fundamentals (FRMM)

Source: Nexqual, October 24, 2026 at 06:57 UTC.

Financial Health Score (FRMM)

Nexqual rates Forum Markets, Incorporated's overall financial health "Weak" across five dimensions, as of October 24, 2026 at 06:57 UTC.

Ownership (FRMM)

Source: Nexqual, October 24, 2026 at 06:57 UTC.

Leadership (FRMM)

Forum Markets, Incorporated is led by McAndrew Rudisill BA(Econ), Executive Chairman & CEO, per Nexqual as of October 24, 2026 at 06:57 UTC.

Major Backers & Investors (FRMM)

Notable institutional backers of Forum Markets, Incorporated include Stokes Family Office, LLC, Vise Technologies, Inc. , Citadel, according to Nexqual as of October 24, 2026 at 06:57 UTC.

Active Investors

Index Funds (Passive)

Source: Nexqual, October 24, 2026 at 06:57 UTC.

From Forum Markets, Incorporated's Latest SEC 10-K Filing (filed 2026-04-01)

Key Strengths & Strategy (as disclosed to the SEC)

• Through our proprietary protocol implementations, we facilitated DeFi transactions and asset digitization across multiple Layer 2 Ethereum networks.

Partnerships

• We have partnered with Electric Capital and liquid restaking leaders like Puffer and etherFi, which enabled us to generate returns on our ETH reserves while providing security and capital efficiency to stakeholders. derived from the rewards we earn by actively participating in the Ethereum network's PoS consensus mechanism.

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 06:57 UTC. This page is informational and not investment advice.

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