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FONAR Corporation (FONR)
21.79  0.08 (0.37%)    03-27 16:00
Open: 21.75
High: 22.1
Volume: 6,066
  
Pre. Close: 21.71
Low: 21.55
Market Cap: 138(M)
Technical analysis
2024-03-27 4:53:00 PM
Short term     
Mid term     
Targets 6-month :  26.24 1-year :  27.34
Resists First :  22.46 Second :  23.4
Pivot price 22.18
Supports First :  20.94 Second :  17.42
MAs MA(5) :  21.99 MA(20) :  22.32
MA(100) :  19.89 MA(250) :  17.66
MACD MACD :  0 Signal :  0.1
%K %D K(14,3) :  34.1 D(3) :  41.3
RSI RSI(14): 47.7
52-week High :  24.04 Low :  12.13
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ FONR ] has closed above bottom band by 31.1%. Bollinger Bands are 24.8% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 22.11 - 22.24 22.24 - 22.37
Low: 21.24 - 21.39 21.39 - 21.54
Close: 21.55 - 21.78 21.78 - 22
Company Description

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 through two segments, Medical Equipment segment, and Physician Management and Diagnostic services segment. 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 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 the development and implementation of practice growth and marketing strategies. The company owns and operates 5 diagnostic imaging facilities in Florida; and manages 39 MRI scanning facilities, including 25 facilities located in New York and 14 situated in Florida. It markets its scanners to private diagnostic imaging centers and hospitals. The company was incorporated in 1978 and is based in Melville, New York.

Headline News

Sun, 24 Mar 2024
FONAR (NASDAQ:FONR) Shares Pass Above 200 Day Moving Average of $18.39 - MarketBeat

Tue, 05 Mar 2024
FONAR (NASDAQ:FONR) Share Price Crosses Above 200-Day Moving Average of $17.83 - MarketBeat

Sat, 17 Feb 2024
Institutional investors control 49% of FONAR Corporation (NASDAQ:FONR) and were rewarded last week after stock ... - Simply Wall St

Thu, 15 Feb 2024
FONAR Corporation's (NASDAQ:FONR) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue? - Yahoo Finance

Wed, 14 Feb 2024
Fonar: Fiscal Q2 Earnings Snapshot - Houston Chronicle

Wed, 14 Feb 2024
Fonar: Fiscal Q2 Earnings Snapshot - Quartz

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Healthcare
Industry:
Medical - Devices
Shares Out 6 (M)
Shares Float 6 (M)
Held by Insiders 1.8 (%)
Held by Institutions 51.9 (%)
Shares Short 8 (K)
Shares Short P.Month 9 (K)
Stock Financials
EPS 1.84
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 25.38
Profit Margin 12.6 %
Operating Margin 19.2 %
Return on Assets (ttm) 5.6 %
Return on Equity (ttm) 10.9 %
Qtrly Rev. Growth 4.6 %
Gross Profit (p.s.) 0
Sales Per Share 16.18
EBITDA (p.s.) 3.6
Qtrly Earnings Growth 73.5 %
Operating Cash Flow 15 (M)
Levered Free Cash Flow 9 (M)
Stock Valuations
PE Ratio 11.84
PEG Ratio 0
Price to Book value 0.85
Price to Sales 1.34
Price to Cash Flow 9.02
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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