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NASDAQ:FONRFonar Stock Price, Forecast & News

$22.89
+1.19 (+5.48 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$21.80
Now: $22.89
$22.99
50-Day Range
$14.44
MA: $18.29
$22.89
52-Week Range
$11.00
Now: $22.89
$25.25
Volume49,223 shs
Average Volume34,037 shs
Market Capitalization$147.59 million
P/E Ratio13.08
Dividend YieldN/A
Beta1.04
FONAR Corporation, together with its subsidiaries, operates as a magnetic resonance imaging (MRI) company primarily in the Unites States. It is involved in the research, development, production, and marketing of medical scanning equipment, which uses principles of MRI for the detection and diagnosis of human diseases, abnormalities, other medical conditions, and injuries. The company operates in two segments, Manufacturing and Servicing of Medical Equipment, and Management of Diagnostic Imaging Centers. 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 markets its scanners to private diagnostic imaging centers and hospitals. It also provides non-medical management services, including development, administration, office space leasing, facilities, equipment, supplies, staffing, credentialing, accounting, billing and collection, assistance with compliance matters, and practice growth and marketing strategies development and implementation services, as well as engages in the training and supervision of non-medical personnel for diagnostic imaging facilities. The company also exports its products to the United Arab Emirates, Switzerland, Canada, England, Germany, and Puerto Rico. It owns and operates 4 diagnostic imaging facilities in Florida; and manages 26 MRI scanning facilities, including 19 facilities located in New York and 7 situated in Florida. The company was founded in 1978 and is based in Melville, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.01 out of 5 stars


Industry, Sector and Symbol

Industry Electromedical equipment
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:FONR
CUSIPN/A
Phone631-694-2929

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$87.19 million
Cash Flow$2.86 per share
Book Value$18.58 per share

Profitability

Net Income$15.32 million

Miscellaneous

EmployeesN/A
Market Cap$147.59 million
Next Earnings Date9/11/2020 (Estimated)
OptionableNot Optionable

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Fonar (NASDAQ:FONR) Frequently Asked Questions

How has Fonar's stock been impacted by COVID-19 (Coronavirus)?

Fonar's stock was trading at $15.20 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FONR shares have increased by 50.6% and is now trading at $22.89. View which stocks have been most impacted by Coronavirus.

When is Fonar's next earnings date?

Fonar is scheduled to release its next quarterly earnings announcement on Friday, September 11th 2020. View our earnings forecast for Fonar.

How were Fonar's earnings last quarter?

Fonar Co. (NASDAQ:FONR) issued its quarterly earnings data on Monday, May, 11th. The medical equipment provider reported $0.18 earnings per share for the quarter. The medical equipment provider had revenue of $21.69 million for the quarter. Fonar had a net margin of 13.16% and a return on equity of 9.35%. View Fonar's earnings history.

Has Fonar been receiving favorable news coverage?

Media stories about FONR stock have been trending negative recently, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Fonar earned a media sentiment score of -2.7 on InfoTrie's scale. They also assigned press coverage about the medical equipment provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutFonar.

Are investors shorting Fonar?

Fonar saw a increase in short interest in May. As of May 15th, there was short interest totaling 29,200 shares, an increase of 18.2% from the April 30th total of 24,700 shares. Based on an average daily trading volume, of 33,800 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are sold short. View Fonar's Current Options Chain.

Who are some of Fonar's key competitors?

What other stocks do shareholders of Fonar own?

Who are Fonar's key executives?

Fonar's management team includes the following people:
  • Dr. Raymond V. Damadian, Chairman, Principal Financial Officer & Treasurer (Age 83)
  • Mr. Timothy R. Damadian, CEO & Pres (Age 55)
  • Mr. Luciano B. Bonanni, COO & Exec. VP (Age 64)
  • Ms. Claudette J. V. Chan, Sec. & Director (Age 81)
  • Mr. Daniel Culver, Director of Communications

What is Fonar's stock symbol?

Fonar trades on the NASDAQ under the ticker symbol "FONR."

Who are Fonar's major shareholders?

Fonar's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (1.54%), Grantham Mayo Van Otterloo & Co. LLC (0.75%), Bank of New York Mellon Corp (0.58%), Two Sigma Advisers LP (0.28%), Invesco Ltd. (0.26%) and Alambic Investment Management L.P. (0.22%). View institutional ownership trends for Fonar.

Which institutional investors are selling Fonar stock?

FONR stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, JPMorgan Chase & Co., Alambic Investment Management L.P., First Trust Advisors LP, Bank of New York Mellon Corp, Denali Advisors LLC, and BlackRock Inc.. View insider buying and selling activity for Fonar.

Which institutional investors are buying Fonar stock?

FONR stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Citigroup Inc., Two Sigma Advisers LP, and Grantham Mayo Van Otterloo & Co. LLC. View insider buying and selling activity for Fonar.

How do I buy shares of Fonar?

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

What is Fonar's stock price today?

One share of FONR stock can currently be purchased for approximately $22.89.

How big of a company is Fonar?

Fonar has a market capitalization of $147.59 million and generates $87.19 million in revenue each year.

What is Fonar's official website?

The official website for Fonar is www.fonar.com.

How can I contact Fonar?

Fonar's mailing address is 110 Marcus Drive, Melville NY, 11747. The medical equipment provider can be reached via phone at 631-694-2929 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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