Fonar Stock Today
| FONR Stock | USD 16.19 0.18 1.12% |
Performance0 of 100
| Odds Of DistressLess than 1
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Fonar is selling at 16.19 as of the 25th of April 2024; that is 1.12 percent up since the beginning of the trading day. The stock's lowest day price was 15.9. Fonar has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Fonar are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of January 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 1st of January 1987 | Category Healthcare | Classification Health Care |
FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging scanners for the detection and diagnosis of human diseases in the United States. The company was incorporated in 1978 and is based in Melville, New York. The company has 6.33 M outstanding shares of which 8.53 K shares are currently shorted by private and institutional investors with about 0.44 trading days to cover. More on Fonar
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Follow Valuation Profit Patterns Odds of Bankruptcy
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Fonar Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Fonar's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fonar or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Timothy Damadian | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Medical Equipment (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, NASDAQ Composite Total, NASDAQ Health Care, Medical Equipment, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Fonar report their recommendations after researching Fonar's financial statements, talking to executives and customers, or listening in on Fonar's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Fonar. The Fonar consensus assessment is calculated by taking the average forecast from all of the analysts covering Fonar. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Fonar's profitability, liquidity, and operating efficiency, Fonar is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Fonar is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Fonar's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Fonar's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Fonar's financial leverage. It provides some insight into what part of Fonar's total assets is financed by creditors.
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Fonar (FONR) is traded on NASDAQ Exchange in USA. It is located in 110 Marcus Drive, Melville, NY, United States, 11747 and employs 561 people. Fonar is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 103.35 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fonar's market, we take the total number of its shares issued and multiply it by Fonar's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Fonar conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 6.33 M outstanding shares of which 8.53 K shares are currently shorted by private and institutional investors with about 0.44 trading days to cover.
Fonar currently holds about 48.73 M in cash with 14.47 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.31.
Check Fonar Probability Of Bankruptcy
Ownership AllocationFonar retains a total of 6.33 Million outstanding shares. Over half of Fonar's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Fonar. Please watch out for any change in the institutional holdings of Fonar as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Fonar Ownership Details
Fonar Stock Price Odds Analysis
In regard to a normal probability distribution, the odds of Fonar jumping above the current price in 90 days from now is about 98.0%. The Fonar probability density function shows the probability of Fonar stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.0059. This usually indicates Fonar market returns are sensible to returns on the market. As the market goes up or down, Fonar is expected to follow. Additionally, fonar has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Fonar to move above the current price in 90 days from now is about 98.0 (This Fonar probability density function shows the probability of Fonar Stock to fall within a particular range of prices over 90 days) .
Fonar Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Fonar that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Fonar's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Fonar's value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 64.4 K | |
| Hillsdale Investment Management Inc. | 2023-12-31 | 61.4 K | |
| Northern Trust Corp | 2023-12-31 | 36.8 K | |
| American Century Companies Inc | 2023-12-31 | 30 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 26.1 K | |
| O'shaughnessy Asset Management Llc | 2023-12-31 | 23.7 K | |
| State Street Corporation | 2023-12-31 | 21.6 K | |
| Millennium Management Llc | 2023-12-31 | 21.4 K | |
| Globeflex Capital, L.p. | 2023-12-31 | 18.6 K | |
| Kayne Anderson Rudnick Investment Management Llc | 2023-12-31 | 632.6 K | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 394.8 K |
Fonar Historical Income Statement
Fonar Income Statement is one of the three primary financial statements used for reporting Fonar's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Fonar revenue and expense. Fonar Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Fonar's Income Before Tax is relatively stable compared to the past year. As of 04/25/2024, Net Income is likely to grow to about 11.3 M, while Selling General Administrative is likely to drop slightly above 18.6 M. View More FundamentalsFonar Stock Against Markets
Picking the right benchmark for Fonar stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Fonar stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Fonar is critical whether you are bullish or bearish towards Fonar at a given time. Please also check how Fonar's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fonar without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Fonar Corporate Directors
Fonar corporate directors refer to members of a Fonar board of directors. The board of directors generally takes responsibility for the Fonar's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Fonar's board members must vote for the resolution. The Fonar board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ronald Lehman | Independent Director | Profile | |
| Claudette Chan | Secretary, Director | Profile | |
| Charles OData | Lead Independent Director | Profile | |
| Robert Janoff | Independent Director | Profile |
How to buy Fonar Stock?
Before investing in Fonar, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Fonar. To buy Fonar stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Fonar. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Fonar stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Fonar stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Fonar stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Fonar, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Fonar Stock please use our How to Invest in Fonar guide.
Already Invested in Fonar?
The danger of trading Fonar is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fonar is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fonar. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fonar is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Fonar is a strong investment it is important to analyze Fonar's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fonar's future performance. For an informed investment choice regarding Fonar Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fonar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Fonar Stock, please use our How to Invest in Fonar guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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.