Timothy Damadian - Fonar President CEO
| FONR Stock | USD 16.44 0.01 0.06% |
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 0.0498 % which means that it generated a profit of $0.0498 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0917 %, meaning that it created $0.0917 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 11/22/2024, Return On Assets is likely to grow to 0.05, while Return On Capital Employed is likely to drop 0.08. At this time, Fonar's Return On Assets are relatively stable compared to the past year. As of 11/22/2024, Asset Turnover is likely to grow to 0.81, while Other Assets are likely to drop slightly above 10 M.Similar Executives
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Management Performance
| Return On Equity | 0.0917 | ||||
| Return On Asset | 0.0498 |
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.
| Claudette Chan, Secretary, Director | ||
| Timothy MD, President Chairman | ||
| 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 | 0.0917 | ||||
| Return On Asset | 0.0498 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 82.13 M | ||||
| Shares Outstanding | 6.27 M | ||||
| Shares Owned By Insiders | 2.42 % | ||||
| Shares Owned By Institutions | 49.78 % | ||||
| Number Of Shares Shorted | 9.47 K | ||||
| Price To Earning | 12.10 X |
Pair Trading with Fonar
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fonar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fonar will appreciate offsetting losses from the drop in the long position's value.Moving against Fonar Stock
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The ability to find closely correlated positions to Fonar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fonar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fonar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fonar to buy it.
The correlation of Fonar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fonar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fonar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fonar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional 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.