Fonar Stock Today

FONR Stock  USD 15.96  0.21  1.33%   

Market Performance

0 of 100


Odds Of Distress

Less than 1

Fonar is selling at 15.96 as of the 24th of September 2023; that is 1.33% increase since the beginning of the trading day. The stock's lowest day price was 15.75. 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 28th of March 2023 and ending today, the 24th of September 2023. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
1st of January 1987
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 6.54 M outstanding shares of which 14.3 K shares are currently shorted by private and institutional investors with about 2.06 trading days to cover. More on Fonar

Moving together with Fonar Stock

+0.86DHDefinitive Healthcare Fiscal Quarter End 30th of September 2023 PairCorr
+0.76EWEdwards Lifesciences Corp Fiscal Quarter End 30th of September 2023 PairCorr
+0.66GHGuardant Health Fiscal Quarter End 30th of September 2023 PairCorr
+0.82OMOutset MedicalInc Fiscal Quarter End 30th of September 2023 PairCorr

Moving against Fonar Stock

-0.85EUDAEUDA Health Holdings Symbol ChangePairCorr
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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 CEOTimothy Damadian
Thematic IdeaMedical Equipment (view all)
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Fonar based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Fonar financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted8.2 M8.1 M
Slightly Up
Slightly volatile
Weighted Average Shares7.6 M7.5 M
Slightly Up
Slightly volatile
Return on Average Assets0.08110.054
Way Up
Slightly volatile
Net Cash Flow from Operations18.6 M17.6 M
Notably Up
Slightly volatile
Current Liabilities15.5 M15.1 M
Fairly Up
Slightly volatile
Total Liabilities50.9 M61.1 M
Fairly Down
Slightly volatile
Gross Margin0.570.55
Sufficiently Up
Slightly volatile
Total Debt47.4 M43.9 M
Significantly Up
Slightly volatile
Asset Turnover0.550.45
Fairly Up
Slightly volatile
Current Assets112.3 M136.5 M
Significantly Down
Slightly volatile
Total Assets191.9 M229.2 M
Fairly Down
Slightly volatile
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Fonar's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
Financial Strength
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.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Fonar's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Fonar deploys its capital and how much of that capital is borrowed.
Fonar cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 38.22 M in liabilities with Debt to Equity (D/E) ratio of 0.26, which may suggest the company is not taking enough advantage from borrowing. Fonar has a current ratio of 7.85, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Fonar until it has trouble settling it off, either with new capital or with free cash flow. So, Fonar's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fonar sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fonar to invest in growth at high rates of return. When we think about Fonar's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

18.56 Million
Fonar (FONR) is traded on NASDAQ Exchange in USA. It is located in 110 Marcus Drive, Melville, NY, United States, 11747 and employs 484 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 106.39 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 6.54 M outstanding shares of which 14.3 K shares are currently shorted by private and institutional investors with about 2.06 trading days to cover. Fonar currently holds about 48.73 M in cash with 15.3 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.31.
Check Fonar Probability Of Bankruptcy
The market capitalization of Fonar is $106.39 Million. 30% of Fonar outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulation than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or about to change. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the firm is less than the current market value, you may not be able generate positive returns on investment in the long run.

Ownership Allocation

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 more than 93.0%. 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 Fonar has a beta of 0.3494. This usually indicates as returns on the market go up, Fonar average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fonar will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Fonar is significantly underperforming NYSE Composite.
  Odds Below 15.96HorizonTargetOdds Above 15.96
6.41%90 days
Based on a normal probability distribution, the odds of Fonar to move above the current price in 90 days from now is more than 93.0 (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.
InstituionLast TransactionTypeSharesValue
Kayne Anderson Rudnick Investment Management Llc2023-06-30Common Shares628.7 K10.8 M
Dimensional Fund Advisors Lp2023-06-30Common Shares409.9 KM
Vanguard Group Inc2023-06-30Common Shares373.9 K6.4 M
Renaissance Technologies Llc2023-06-30Common Shares319.6 K5.5 M
Money Concepts Capital Corp2023-06-30Common Shares308 K5.3 M
Lsv Asset Management2023-06-30Common Shares146.3 K2.5 M
Invenomic Capital Management Lp2023-06-30Common Shares116.4 KM
Blackrock Inc2023-06-30Common Shares100.8 K1.7 M
Brandywine Global Investment Management Llc2023-06-30Common Shares86 K1.5 M
Hillsdale Investment Management Inc2022-12-31Common Shares76.2 K1.3 M
Bridgeway Capital Management Llc2023-06-30Common Shares74 K1.3 M
View Fonar Diagnostics

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.
Fonar Income Tax Expense is relatively stable at the moment as compared to the past year. Fonar reported last year Income Tax Expense of 6.36 Million View More Fundamentals

Fonar 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.

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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 LehmanIndependent DirectorProfile
Claudette ChanSecretary, DirectorProfile
Charles ODataLead Independent DirectorProfile
Robert JanoffIndependent DirectorProfile

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 Shape 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.
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 industry. To learn how to invest in Fonar Stock, please use our How to Invest in Fonar guide. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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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
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
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.