FONAR (FONR) Stock Price, News & Analysis

Company Overview

FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company also offers non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with compliance matters, and development and implementation of practice growth and marketing strategies. It owns and operates diagnostic imaging facilities in Florida; and manages MRI scanning facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1970 and is based in Melville, New York.

Key Stats

• Today's Range: $15.86 to $17.15
• 50-Day Range: $14.55 to $17.77
• 52-Week Range: $14.05 to $24.05
• Volume: 43,787 shs
• Average Volume: 23,075 shs
• Market Capitalization: $104.07 million
• P/E Ratio: 11.74
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

FONAR Stock Analysis - MarketRank™

FONAR scored higher than 38% of companies evaluated by MarketBeat, and ranked 710th out of 956 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for FONAR.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of FONAR is 11.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.68.

Price to Earnings Ratio vs. Sector

The P/E ratio of FONAR is 11.74, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 94.10.

Price to Book Value per Share Ratio

FONAR has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.15% of the float of FONAR has been sold short.

Short Interest Ratio / Days to Cover

FONAR has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in FONAR has recently decreased by 55.19%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

FONAR does not currently pay a dividend.

Dividend Growth

FONAR does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.15% of the float of FONAR has been sold short.

Short Interest Ratio / Days to Cover

FONAR has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in FONAR has recently decreased by 55.19%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: N/A

News Sentiment

FONAR has a news sentiment score of 0.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 1 news article for FONAR this week, compared to 0 articles on an average week.

MarketBeat Follows

Only 1 people have added FONAR to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, FONAR insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.17% of the stock of FONAR is held by insiders.

Percentage Held by Institutions

50.64% of the stock of FONAR is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FONR Stock Analysis - Frequently Asked Questions

How have FONR shares performed this year?

FONAR's stock was trading at $19.56 at the beginning of the year. Since then, FONR stock has decreased by 16.0% and is now trading at $16.44.
View the best growth stocks for 2024 here.

How were FONAR's earnings last quarter?

FONAR Co. (NASDAQ:FONR) announced its earnings results on Friday, September, 27th. The medical equipment provider reported $0.13 EPS for the quarter. The medical equipment provider had revenue of $25.94 million for the quarter. FONAR had a trailing twelve-month return on equity of 6.10% and a net margin of 9.41%.

Who are FONAR's major shareholders?

FONAR's top institutional investors include Inspire Advisors LLC (0.54%), Corsair Capital Management L.P. (0.44%), Empowered Funds LLC (0.30%) and Lakewood Asset Management LLC (0.17%). Insiders that own company stock include Luciano B Bonanni and Timothy Raymond Damadian.
View institutional ownership trends.

How do I buy shares of FONAR?

Shares of FONR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of FONAR own?

Based on aggregate information from My MarketBeat watchlists, some other companies that FONAR investors own include Waste Connections (WCN), iShares Micro-Cap ETF (IWC), The RMR Group (RMR), American Water Works (AWK), DiamondRock Hospitality (DRH), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 9/27/2024
• Today: 11/24/2024
• Next Earnings (Estimated): 2/12/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Electromedical equipment
• Sub-Industry: Medical Equipment
• Current Symbol: NASDAQ:FONR
• CUSIP: N/A
• CIK: 355019
• Web: www.fonar.com
• Phone: (631) 694-2929
• Fax: 631-753-5150
• Employees: 480
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $1.40
• Trailing P/E Ratio: 11.74
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $10.57 million
• Net Margins: 9.41%
• Pretax Margin: 17.14%
• Return on Equity: 6.10%
• Return on Assets: 4.58%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 9.64
• Quick Ratio: 9.45

Sales & Book Value

• Annual Sales: $102.88 million
• Price / Sales: 1.01
• Cash Flow: $3.07 per share
• Price / Cash Flow: 5.35
• Book Value: $25.10 per share
• Price / Book: 0.65

Miscellaneous

• Outstanding Shares: 6,330,000
• Free Float: 6,191,000
• Market Cap: $104.07 million
• Optionable: Not Optionable
• Beta: 1.19