How to Buy Fonar Stock
Fonar Corp
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.
Fonar stock last closed at $15.50, down 0.83% from the previous day, and has decreased 1.08% in one year. It has overperformed other stocks in the Diagnostics & Research industry by 0.01 percentage points. Fonar stock is currently +29.17% from its 52-week low of $12.00, and -12.03% from its 52-week high of $17.62.
At the moment, there are 6.59M FONR shares outstanding. The market value of FONR is $102.08M. In the past 24 hours, 16,100 FONR shares were traded.
How to Buy Fonar Stock
Wondering how to invest in Fonar stock? Here's how.
- Choose where to buy Fonar stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Fonar stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your method of payment and add your info.
- Evaluate Fonar stock: The Fonar ticker symbol is FONR. Is Fonar stock a good investment? Should you buy shares of FONR? How do FONR's underlying business fundamentals look? Do top analysts think Fonar is a good buy? Why has FONR's stock price moved recently? (Hint: Our stock research website can help you decide if FONR is a good stock to buy).
- Place your FONR buy order: Decide if you will purchase FONR shares at the current market price or use a limit order to purchase FONR stock at a given price.
- Get the latest scoop on your investment in FONR: Create a watchlist to get live updates on your position in Fonar shares.
Step 1: Choose where to buy Fonar stock
You will need an online brokerage account to access the NASDAQ market and buy FONR shares.
Our favorite brokerage: eToro
Based on our research, eToro is the best brokerage. Here's why:
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Get $10 towards your share purchase by opening an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal information so you can invest in FONR stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open a new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've finished signing up on the best stock app to use, your next step is to transfer the money for your investment:
Check out the video below for more details depositing funds into your new investment account.
Step 4: Evaluate Fonar stock
Once you have identified the best place to buy Fonar stock, it's absolutely critical to analyze their stock before you buy, so you truly wrap your head around the risk and upside.
Fonar quick stats
FONR Due Diligence Checks
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on FONR's stock page.
Is FONR stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge FONR's fair value.
Using relative valuations metrics:
- FONR could be undervalued based on its P/E ratio of 12.3x, relative to Diagnostics & Research industry P/E ratio of 22.55x
- FONR may be undervalued based on its P/B ratio of 0.59x, relative to Diagnostics & Research industry P/B ratio of 4.1x
- FONR may be overvalued based on its PEG ratio of 17.21x
You can do more valuation research on FONR's stock here.
FONR Financial Overview
Signs that FONR is financially healthy:
- There are more short-term assets than long-term liabilities on the FONR balance sheet.
- FONR's operating cash flow of $11.26M allows it to safely service it's debt of $38.92M.
- FONR has a low debt to equity ratio of 0.33.
- Total FONR debt is lower than 5 years ago, relative to shareholder equity.
- FONR earnings of $11.47M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the FONR balance sheet.
Signs that FONR is not financially healthy:
- FONR profit margin has gone down from 9.6% to 7.5% in the past year.
FONR Momentum
Is FONR Growing Revenue?
Last year, FONR earnings were $7.80M. During the past 5 year, FONR's earnings have grown by 0.98% per year. This was slower than the Diagnostics & Research industry average of 12.08%.
Last year, FONR revenue was $104.35M. During the past 5 year, FONR's revenue has increased by 4.02% per year. This was slower than the Diagnostics & Research industry average of 9.77%.
You can analyze FONR's earnings and revenue performance here.
Are FONR insiders buying or selling the stock?
Over the last year, insiders at FONR have not bought or sold any shares.
Research more about who owns FONR stock here.
Does FONR stock generate passive income?
No, Fonar doesn't provide an income stream by paying out dividends.
What do other investors have to say about FONR?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your FONR buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount limit, use a limit order.
Press the Open Trade button and eToro will place your order.
If you need more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your investment in FONR
Now that you own some shares in FONR, you'll want to keep up with your stock purchase.
Create a watchlist to get notified of the latest news about your FONR stock.
FONR Feed
How to Buy Stock in Fonar
To summarize, here are the 6 steps for buying Fonar stock:
- Choose where to buy Fonar stock
- Open your brokerage account
- Fund your brokerage account
- Evaluate Fonar stock
- Place your FONR buy order
- Get the latest scoop on your investment in FONR
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your new investment in Fonar, create your watchlist below.
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