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Forum Markets, Inc (FRMM)

Forum Markets, Inc. is a NASDAQ-listed common stock issuer based in Palm Beach, Florida. Operating as Forum, the company focuses on technology for Ethereum-based infrastructure used in the tokenization of real-world assets. Its platforms are designed to help convert illiquid, institutional-grade assets into blockchain-based financial instruments through Ethereum Layer 2 protocols, with an emphasis on regulated access, scalability, and efficiency. The company was previously known as ETHZilla Corporation and adopted the Forum Markets, Incorporated name in February 2026.


Stock Summary Fair Value Profitability & Growth Quality & Risk Events & Dividends Market Outlook FAQ

Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Dividend Yield Next Earnings Date Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Free Cash Flow / Net Income
NASDAQ-FRMM
$7.75
54.1% Upside
Bargain
$9.50
88.9% Upside
Bargain
Weak
0.0%
November 13, 2026
0.5x
6.0x
66.391 M
42.821 M
28.8%
70.7%
-9.7
13.8%
Valuation • Fair Value

Forum Markets, Inc (NASDAQ-FRMM) Fair Value by Valuation Model

Review the available estimates for Forum Markets, Inc (NASDAQ-FRMM), including Comps Fair Value.

Primary Valuation Read

Fair Value

$7.75

Estimated upside of 54.1% versus the current market price.

Fair Value Confidence

Low

Confidence level for the primary fair value estimate.

Comps Fair Value

$7.75

Comparable-company valuation reference.

Analyst Price Target

$9.50

Analysts imply upside of 88.9%.

How to read these valuation models

Use the 4 available valuation references for Forum Markets, Inc (NASDAQ-FRMM) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

Profitability & Growth for Forum Markets, Inc (NASDAQ-FRMM)

Review the profitability and growth indicators currently supported by the latest data.

Revenue

10.771 M

Current operating scale indicator.

Revenue Forecast

18.287 M

Forward revenue estimate.

EBITDA

-243.3 M

Current operating profitability reference.

EBITDA Forecast

-79.573 M

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review Forum Markets, Inc (NASDAQ-FRMM) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for Forum Markets, Inc (NASDAQ-FRMM)

Review the financial quality and risk indicators currently supported by the latest data.

Financial Health

Weak

Financial pressure deserves closer review.

Piotroski Score

2

Weak quality score that deserves closer review.

Altman Z-Score

-9.7

Lower score that deserves closer risk review.

FCF / Net Income

13.8%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for Forum Markets, Inc (NASDAQ-FRMM). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for Forum Markets, Inc (NASDAQ-FRMM)

Track the upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

November 13, 2026

Days to Earnings

52

Dividend Yield

0.0%

No current dividend yield is indicated.

How to read events and dividends

This section helps investors track time-sensitive items for Forum Markets, Inc (NASDAQ-FRMM), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

Forum Markets, Inc (NASDAQ-FRMM) Stock Forecast & Technical Outlook

Review Forum Markets, Inc (NASDAQ-FRMM) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Neutral

The 15-minute technical read for Forum Markets, Inc (NASDAQ-FRMM) is currently Neutral. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Buy

The 1-hour technical read for Forum Markets, Inc (NASDAQ-FRMM) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Neutral

The daily technical read for Forum Markets, Inc (NASDAQ-FRMM) is currently Neutral. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Strong Sell

The weekly technical read for Forum Markets, Inc (NASDAQ-FRMM) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Strong Sell

The monthly technical read for Forum Markets, Inc (NASDAQ-FRMM) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for Forum Markets, Inc (NASDAQ-FRMM)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Strong Buy

Based on the available recommendation mix, Forum Markets, Inc (NASDAQ-FRMM) has a Strong Buy consensus, with 1 buy, 0 hold and 0 sell recommendations in the current data set.

Buy 1
Hold 0
Sell 0
FAQ • Fast Investor Answers

Forum Markets, Inc (NASDAQ-FRMM) Stock FAQ

Data-supported answers about Forum Markets, Inc (NASDAQ-FRMM), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$7.75
Estimated upside 54.1%
Valuation Rating
Undervalued
Estimated upside of 54.1%
Analyst Target
$9.50
Implied upside 88.9%
Financial Health
Weak
Current financial-health read

The current fair value estimate for Forum Markets, Inc (NASDAQ-FRMM) is $7.75. This implies an estimated upside of 54.1% versus the current market price.

Based on the current fair value estimate, the stock appears undervalued, with estimated upside of 54.1% versus the current market price.

The available analyst price target for Forum Markets, Inc (NASDAQ-FRMM) is $9.50. The analyst target implies estimated upside of 88.9%.

The current financial health read for Forum Markets, Inc (NASDAQ-FRMM) is Weak. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for Forum Markets, Inc (NASDAQ-FRMM) is November 13, 2026.

The latest available data indicates no current dividend yield for Forum Markets, Inc (NASDAQ-FRMM).

The current market capitalization listed for Forum Markets, Inc is 66.391 M.

The current enterprise value listed for Forum Markets, Inc is 42.821 M. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for Forum Markets, Inc is NASDAQ-FRMM, and the stock is listed on NASDAQ.

Forum Markets, Inc (NASDAQ-FRMM) is listed on NASDAQ.

The current debt-to-total-capital ratio listed for Forum Markets, Inc is 28.8%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Forum Markets, Inc is 70.7%. Free float helps investors understand how much of the share base is available for public trading.

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