Forum Markets, Inc (FRMM)

Featured in High-Beta Stocks

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.


Jump between the core stock analysis sections, valuation data, fair value models, technical outlook, and FAQ.

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 Upcoming Dividend Ex-Date Dividend Payment Date Upcoming Dividend Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Payout Ratio Free Cash Flow / Net Income
NASDAQ-FRMM
$9.02
50.9% Upside
Bargain
$9.50
58.9% Upside
Bargain
Weak
0.0%
August 11, 2026
-0.2x
0.5x
8.4x
80.053 M
8.16 M
25.3%
35.7%
-6.6
12.0%
Valuation • Fair Value

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

Compare the primary fair value estimate for Forum Markets, Inc (NASDAQ-FRMM) with model-based valuation references such as DCF, Ben Graham, DDM, EPV and comparable-company valuation.

Primary Valuation Read

Fair Value

$9.02

Estimated upside of 50.9% versus the current market price.

Fair Value Confidence

Low

Confidence level for the primary fair value estimate.

DCF Fair Value

NM

Discounted cash flow valuation reference.

Ben Graham Formula Value

$0

Classic Ben Graham valuation formula reference.

DDM Fair Value

NM

Dividend discount model valuation reference.

EPV Fair Value

NM

Earnings power value estimate.

Comps Fair Value

$9.02

Comparable-company valuation reference.

Analyst Price Target

$9.50

Analysts imply upside of 58.9%.

How to read these valuation models

Use this section to compare the primary fair value estimate for Forum Markets, Inc (NASDAQ-FRMM) with several model-based valuation references. Different models can produce different outputs because each method relies on a different set of assumptions, so the primary fair value estimate should be read alongside the model spread rather than in isolation.

Profitability • Growth

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

A compact read on revenue, forward revenue expectations, EBITDA and operating profitability trends.

Revenue

9.406 M

Current operating scale indicator.

Revenue Forecast

19.138 M

Forward revenue estimate.

EBITDA

-235.6 M

Current operating profitability reference.

EBITDA Forecast

-81.572 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 financial health, earnings quality and balance-sheet risk through Piotroski, Beneish, Altman and cash conversion metrics.

Financial Health

Weak

Financial pressure deserves closer review.

Piotroski Score

2

Weak quality score that deserves closer review.

Beneish M-Score

NM

Forensic accounting screen.

Altman Z-Score

-6.6

Lower score that deserves closer risk review.

FCF / Net Income

12.0%

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 next earnings date, ex-dividend date, dividend payment date, dividend yield and upcoming distribution details where available.

Next Earnings Date

August 11, 2026

Days to Earnings

21

Dividend Payment Date

Not available

Ex-Dividend Date

Not available

Dividend Yield

0.0%

Income yield reference.

Upcoming Dividend

Not available

Data is currently unavailable.

Payment Type

Not available

Data is currently unavailable.

Dividend Currency

Not available

Data is currently unavailable.

Payout Ratio

Not available

Data is currently unavailable.

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
Strong Sell

The 15-minute 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: 1-hour • short-term
Neutral

The 1-hour 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: daily • daily
Buy

The daily technical read for Forum Markets, Inc (NASDAQ-FRMM) is currently 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: weekly • weekly
Buy

The weekly technical read for Forum Markets, Inc (NASDAQ-FRMM) is currently 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: 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
Not available

Analyst recommendation data for Forum Markets, Inc (NASDAQ-FRMM) is not currently available.

Buy 0
Hold 0
Sell 0
FAQ Fast Investor Answers

Forum Markets, Inc (NASDAQ-FRMM) Stock FAQ

Quick answers about Forum Markets, Inc (NASDAQ-FRMM) stock, including fair value, valuation rating, analyst price target, dividends, earnings dates, market capitalization, financial health and other key stock analysis metrics.

Fair Value
$9.02
Estimated upside 50.9%
Valuation Rating
Undervalued
Estimated upside of 50.9%
Analyst Target
$9.50
Implied upside 58.9%
Financial Health
Weak
Current financial-health read

The current fair value estimate for Forum Markets, Inc (NASDAQ-FRMM) is $9.02. This implies an estimated upside of 50.9% versus the current market price.

Based on the current fair value estimate, the stock appears undervalued, with estimated upside of 50.9% 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 58.9%.

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 August 11, 2026.

Based on the current data, dividend yield is 0.0%.

The current P/E ratio listed for Forum Markets, Inc (NASDAQ-FRMM) is -0.2x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for Forum Markets, Inc is 80.053 M.

The current enterprise value listed for Forum Markets, Inc is 8.16 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 25.3%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Forum Markets, Inc is 35.7%. Free float helps investors understand how much of the share base is available for public trading.