Timothy Damadian - Fonar President CEO
| FONR Stock | USD 16.83 0.31 1.88% |
CEO
Mr. Timothy R. Damadian is the President, Chief Executive Officer of the Company. In 1985, at the age of 21, Tim Damadian began his career at FONAR installing magnets, shielded rooms and electronics for FONAR customers all over the world. Over the course of the next 16 years, he worked his way up the corporate ladder, eventually becoming Vice President of Operations. In 1997, Tim formed Health Management Corporation of America, a whollyowned subsidiary of FONAR that, under his leadership, would soon manage dozens of medical and diagnostic imaging offices that generated approximately 40 million in revenue and 7 million in EBITDA for HMCA. In 2001, Tim left FONAR to form Integrity Healthcare Management, Inc., a diagnostic imaging management company that would eventually manage 11 MRI scanning centers in New York and Florida. The company was a huge success and was sold to Health Diagnostics in 2007. Tim returned to FONAR as a consultant in 2010. since 2016.
| Age | 60 |
| Tenure | 8 years |
| Address | 110 Marcus Drive, Melville, NY, United States, 11747 |
| Phone | 631 694 2929 |
| Web | https://www.fonar.com |
Fonar Management Efficiency
The company has return on total asset (ROA) of 0.0566 % which means that it generated a profit of $0.0566 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1094 %, meaning that it created $0.1094 on every $100 dollars invested by stockholders. Fonar's management efficiency ratios could be used to measure how well Fonar manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Fonar's Return On Tangible Assets are relatively stable compared to the past year. As of 04/19/2024, Return On Assets is likely to grow to 0.04, while Return On Capital Employed is likely to drop 0.09. At this time, Fonar's Asset Turnover is relatively stable compared to the past year.Similar Executives
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Management Performance
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0566 |
Fonar Leadership Team
Elected by the shareholders, the Fonar's board of directors comprises two types of representatives: Fonar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fonar. The board's role is to monitor Fonar's management team and ensure that shareholders' interests are well served. Fonar's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fonar's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ronald Lehman, Independent Director | ||
| Claudette Chan, Secretary, Director | ||
| Charles OData, Lead Independent Director | ||
| Raymond Damadian, Chairman of the Board and Presidentident, Treasurer | ||
| Timothy MD, President Chairman | ||
| Robert Janoff, Independent Director | ||
| Daniel Culver, Director of Communications | ||
| Timothy Damadian, President CEO | ||
| Luciano Bonanni, COO, Executive Vice President |
Fonar Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Fonar a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0566 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 84.78 M | ||||
| Shares Outstanding | 6.33 M | ||||
| Shares Owned By Insiders | 1.83 % | ||||
| Shares Owned By Institutions | 51.45 % | ||||
| Number Of Shares Shorted | 8.53 K | ||||
| Price To Earning | 12.10 X |
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Complementary Tools for Fonar Stock analysis
When running Fonar's price analysis, check to measure Fonar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fonar is operating at the current time. Most of Fonar's value examination focuses on studying past and present price action to predict the probability of Fonar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fonar's price. Additionally, you may evaluate how the addition of Fonar to your portfolios can decrease your overall portfolio volatility.
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Is Fonar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fonar. If investors know Fonar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fonar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.736 | Earnings Share 1.84 | Revenue Per Share 15.694 | Quarterly Revenue Growth 0.047 | Return On Assets 0.0566 |
The market value of Fonar is measured differently than its book value, which is the value of Fonar that is recorded on the company's balance sheet. Investors also form their own opinion of Fonar's value that differs from its market value or its book value, called intrinsic value, which is Fonar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fonar's market value can be influenced by many factors that don't directly affect Fonar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fonar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fonar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fonar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.