Fonar Stock Today

FONR Stock  USD 16.44  0.01  0.06%   

Performance

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Odds Of Distress

Less than 1

 
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Fonar is selling at 16.44 as of the 24th of November 2024; that is 0.06% down since the beginning of the trading day. The stock's lowest day price was 15.86. 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 30th of November 2023 and ending today, the 24th of November 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 6.27 M outstanding shares of which 9.47 K shares are currently shorted by private and institutional investors with about 0.49 trading days to cover. More on Fonar

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Fonar Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President CEOTimothy Damadian
Thematic IdeaMedical Equipment (View all Themes)
Business ConcentrationHealth Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, NASDAQ Health Care, NASDAQ Composite Total, Medical Equipment, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.810.4802
Way Up
Slightly volatile
Gross Profit Margin0.340.4387
Significantly Down
Pretty Stable
Total Current Liabilities17.4 M17.9 M
Fairly Down
Slightly volatile
Non Current Liabilities Total41.6 M39.6 M
Sufficiently Up
Slightly volatile
Total Assets225 M214.2 M
Sufficiently Up
Slightly volatile
Total Current Assets147.3 M140.3 M
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities7.3 M14.1 M
Way Down
Slightly volatile
Debt Levels
Fonar can leverage 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.
Liquidity
Fonar currently holds 41.68 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. Note, when we think about Fonar's use of debt, we should always consider it together with its cash and equity.

Depreciation

9.35 Million
Fonar (FONR) is traded on NASDAQ Exchange in USA. It is located in 110 Marcus Drive, Melville, NY, United States, 11747 and employs 520 people. Fonar is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 95.29 M. Fonar conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 6.27 M outstanding shares of which 9.47 K shares are currently shorted by private and institutional investors with about 0.49 trading days to cover. Fonar currently holds about 48.73 M in cash with 14.09 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.31.
Check Fonar Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Fonar is $95.29 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 regulations 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 is 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.
Check Fonar Ownership Details

Fonar Stock Institutional Holders

InstituionRecorded OnShares
Brandywine Global Investment Mgmt Llc2024-09-30
48.7 K
Northern Trust Corp2024-09-30
36.1 K
Inspire Advisors, Llc2024-09-30
34.3 K
American Century Companies Inc2024-09-30
30 K
O'shaughnessy Asset Management Llc2024-06-30
26.2 K
Corsair Capital Management Llc2024-06-30
25.7 K
Linden Thomas Advisory Services Llc2024-09-30
25.4 K
Bank Of New York Mellon Corp2024-06-30
22.5 K
State Street Corp2024-06-30
21.6 K
Kayne Anderson Rudnick Investment Management Llc2024-06-30
609.8 K
Vanguard Group Inc2024-09-30
390.3 K
View Fonar Diagnostics

Fonar Historical Income Statement

At this time, Fonar's Net Income is relatively stable compared to the past year. As of 11/24/2024, Income Tax Expense is likely to grow to about 5.4 M, while Selling General Administrative is likely to drop slightly above 18.8 M. View More Fundamentals

Fonar Stock Against Markets

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.