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NASDAQ: FONR
Fonar Corp Stock

$23.04-0.20 (-0.86%)
Updated Feb 27, 2024
FONR Price
$23.04
Fair Value Price
$32.81
Market Cap
$154.62M
52 Week Low
$12.13
52 Week High
$24.05
P/E
12.19x
P/B
0.94x
P/S
1.23x
PEG
N/A
Dividend Yield
N/A
Revenue
$102.42M
Earnings
$12.96M
Gross Margin
45.7%
Operating Margin
16.44%
Profit Margin
11.9%
Debt to Equity
0.28
Operating Cash Flow
$15M
Beta
0.61
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A

FONR Overview

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.

Zen Score

Industry Average (27)
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Due Diligence Checks

FONR ($23.04) is undervalued by 29.77% relative to our estimate of its Fair Value price of $32.81 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
FONR ($23.04) is significantly undervalued by 29.77% relative to our estimate of its Fair Value price of $32.81 based on Discounted Cash Flow (DCF) modelling, which includes a healthy margin of safety
Significantly Below Fair Value Valuation
FONR was unprofitable, so we... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
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FONR News

Valuation

FONR fair value

Fair Value of FONR stock based on Discounted Cash Flow (DCF)
Price
$23.04
Fair Value
$32.81
Undervalued by
29.77%
FONR ($23.04) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
FONR ($23.04) is significantly undervalued... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
FONR was unprofitable, so we... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

FONR price to earnings (PE)

For valuing profitable companies with steady earnings
Company
12.19x
Industry
40.38x
Market
36.02x
FONR is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
FONR is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

FONR price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
0.94x
Industry
4.31x
FONR is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

FONR's financial health

Profit margin

Revenue
$25.4M
Net Income
$3.8M
Profit Margin
13.9%
FONR's Earnings (EBIT) of $16.84M... subscribe to Premium to read more.
Interest Coverage Financials
FONR's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$202.3M
Liabilities
$46.0M
Debt to equity
0.28
FONR's short-term assets ($132.54M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
FONR's short-term assets ($132.54M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
FONR's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
FONR's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$4.1M
Investing
-$133.0k
Financing
-$2.4M
FONR's operating cash flow ($15.29M)... subscribe to Premium to read more.
Debt Coverage Financials

FONR vs Diagnostic & Research Stocks

TickerMarket Cap1d %P/EP/B
FONR$154.62M-0.86%12.19x0.94x
BDSX$142.95M+3.27%-1.80x-98.86x
NOTV$170.48M+2.96%-5.08x0.67x
LAB$185.78M-1.68%-2.44x-1.41x
GTH$120.22M0.00%-1.04x1.51x

Fonar Stock FAQ

What is Fonar's quote symbol?

(NASDAQ: FONR) Fonar trades on the NASDAQ under the ticker symbol FONR. Fonar stock quotes can also be displayed as NASDAQ: FONR.

If you're new to stock investing, here's how to buy Fonar stock.

What is the 52 week high and low for Fonar (NASDAQ: FONR)?

(NASDAQ: FONR) Fonar's 52-week high was $24.05, and its 52-week low was $12.13. It is currently -4.2% from its 52-week high and 89.94% from its 52-week low.

How much is Fonar stock worth today?

(NASDAQ: FONR) Fonar currently has 6,710,807 outstanding shares. With Fonar stock trading at $23.04 per share, the total value of Fonar stock (market capitalization) is $154.62M.

Fonar stock was originally listed at a price of $73.50 in Dec 31, 1997. If you had invested in Fonar stock at $73.50, your return over the last 26 years would have been -68.65%, for an annualized return of -4.36% (not including any dividends or dividend reinvestments).

How much is Fonar's stock price per share?

(NASDAQ: FONR) Fonar stock price per share is $23.04 today (as of Feb 27, 2024).

What is Fonar's Market Cap?

(NASDAQ: FONR) Fonar's market cap is $154.62M, as of Feb 29, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Fonar's market cap is calculated by multiplying FONR's current stock price of $23.04 by FONR's total outstanding shares of 6,710,807.
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