FONR - FONAR Corp Stock Price, Fair Value and News

15.25USD-0.46 (-2.93%)Market Closed

Market Summary

USD15.25-0.46

Market Closed

-2.93%

FONR Stock Price

View Fullscreen

FONR RSI Chart

FONR Valuation

Market Cap

96.6M

Price/Earnings (Trailing)

8.8

Price/Sales (Trailing)

0.94

EV/EBITDA

2.1

Price/Free Cashflow

7.56

FONR Price/Sales (Trailing)

FONR Profitability

EBT Margin

19.73%

Return on Equity

6.99%

Return on Assets

5.23%

Free Cashflow Yield

13.22%

FONR Fundamentals

FONR Revenue

Revenue (TTM)

102.7M

Rev. Growth (Yr)

1.16%

Rev. Growth (Qtr)

1.31%

FONR Earnings

Earnings (TTM)

11.0M

Earnings Growth (Yr)

-51.5%

Earnings Growth (Qtr)

-50.2%

Breaking Down FONR Revenue

Last 7 days

-9.7%

Last 30 days

-7.7%

Last 90 days

-33.8%

Trailing 12 Months

-10.0%

How does FONR drawdown profile look like?

FONR Financial Health

Current Ratio

9.37

Debt/Equity

5e-4

Debt/Cashflow

172.68

FONR Investor Care

Buy Backs (1Y)

2.34%

Diluted EPS (TTM)

1.77

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	102.7M	0	0	0
2023	97.7M	98.6M	101.3M	102.4M
2022	97.5M	97.6M	97.1M	96.8M
2021	86.0M	89.9M	92.7M	96.0M
2020	87.4M	85.7M	84.9M	84.6M
2019	85.7M	87.2M	88.2M	88.5M
2018	81.4M	81.5M	82.9M	83.9M
2017	75.9M	78.0M	78.6M	80.4M
2016	71.5M	73.4M	74.5M	74.5M
2015	69.2M	69.1M	68.7M	70.0M
2014	69.9M	68.5M	69.7M	69.1M
2013	40.1M	49.1M	56.5M	64.5M
2012	0	0	0	38.1M
2011	0	0	0	0
2010	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of FONAR Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Sep 30, 2022	damadian timothy raymond	bought	31,130	14.15	2,200	ceo, president & treasurer
Sep 30, 2022	bonanni luciano b	bought	48,144	14.16	3,400	exec vp, coo & pfo
Sep 29, 2022	damadian timothy raymond	bought	34,075	13.63	2,500	ceo, president & treasurer
Sep 29, 2022	bonanni luciano b	bought	17,966	13.82	1,300	exec vp, coo & pfo

Which funds bought or sold FONR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	added	67.87	207,825	457,254	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	113	556,710	974,336	-%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	new	-	398,000	398,000	-%
May 15, 2024	RBF Capital, LLC	unchanged	-	131,505	1,560,520	0.09%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	5.95	232,682	1,715,040	0.04%
May 15, 2024	Royal Bank of Canada	added	0.8	30,000	321,000	-%
May 15, 2024	STATE STREET CORP	unchanged	-	38,952	462,230	-%
May 15, 2024	MORGAN STANLEY	added	171	80,837	122,030	-%
May 15, 2024	BARCLAYS PLC	sold off	-100	-124,000	-	-%
May 15, 2024	Polar Asset Management Partners Inc.	sold off	-100	-580,932	-	-%

Are Funds Buying or Selling FONR?

Are funds buying FONR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FONR

No. of Funds

Unveiling FONAR Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	renaissance technologies llc	4.70%	303,137	SC 13G/A
Feb 13, 2024	vanguard group inc	6.05%	390,345	SC 13G
Feb 13, 2024	kayne anderson rudnick investment management llc	9.81%	632,569	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	6.1%	394,759	SC 13G/A
Feb 14, 2023	kayne anderson rudnick investment management llc	9.63%	629,737	SC 13G/A
Feb 13, 2023	renaissance technologies llc	5.18%	338,416	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.0%	394,616	SC 13G/A
Feb 14, 2022	kayne anderson rudnick investment management llc	10.03%	657,067	SC 13G/A
Feb 11, 2022	renaissance technologies llc	6.17%	404,616	SC 13G/A
Feb 10, 2022	vanguard group inc	4.21%	275,763	SC 13G/A

Recent SEC filings of FONAR Corp

View All Filings

Date Filed	Form Type	Document
May 16, 2024	8-K	Current Report
May 15, 2024	10-Q	Quarterly Report
Apr 08, 2024	DEF 14A	DEF 14A
Feb 15, 2024	8-K	Current Report
Feb 14, 2024	10-Q	Quarterly Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 13, 2024	SC 13G	Major Ownership Report
Feb 09, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to FONAR Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
DHR	196.9B	23.7B	11.04%	17.40%	44.73	8.29	-8.94%	-35.91%
A	45.2B	6.7B	14.64%	19.44%	36.57	6.71	-2.81%	-6.58%
IDXX	44.9B	3.7B	13.71%	10.52%	51.83	12.06	8.57%	23.94%
DGX	16.0B	9.3B	13.66%	10.24%	18.95	1.73	-3.29%	6.68%
NTRA	13.1B	1.2B	17.80%	114.36%	-35.76	10.81	39.26%	33.08%
MEDP	12.2B	2.0B	2.71%	87.82%	38.94	6.2	25.57%	21.62%
CRL	11.4B	4.1B	-3.66%	11.24%	26.02	2.78	0.49%	-11.59%
EXAS	9.3B	2.5B	-20.33%	-38.03%	-38.69	3.67	15.21%	53.51%
MID-CAP
GH	3.1B	603.7M	54.73%	-14.09%	-6.73	5.14	25.21%	30.68%
NEOG	2.9B	929.2M	11.70%	-18.80%	1.9K	3.16	28.93%	111.61%
SMALL-CAP
CDNA	808.3M	275.1M	87.44%	103.94%	-4.41	2.94	-13.93%	-126.97%
ACRS	84.8M	31.1M	-3.25%	-85.34%	-1.1	2.73	0.95%	19.75%
AWH	33.0M	9.2M	-24.07%	-37.65%	-2.24	3.6	11.85%	45.80%
APDN	2.5M	5.5M	-62.31%	120.18%	-0.2	0.45	-68.52%	-141.15%
BIOC	183.8K	25.9M	-50.00%	-94.83%	-0.01	0.01	-57.78%	-93.11%

FONAR Corp News

Latest updates

FONAR Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	1.3%	26.00	25.00	26.00	26.00	25.00	24.00	23.00	25.00	25.00	24.00	24.00	25.00	23.00	21.00	21.00	21.00	22.00	21.00	22.00	22.00	23.00
Costs and Expenses	7.2%	22.00	21.00	19.00	23.00	21.00	20.00	19.00	21.00	19.00	18.00	18.00	21.00	19.00	16.00	17.00	20.00	19.00	16.00	16.00	18.00	16.00
S&GA Expenses	35.9%	8.00	6.00	5.00	9.00	7.00	7.00	6.00	8.00	6.00	5.00	5.00	8.00	6.00	5.00	6.00	11.00	7.00	4.00	4.00	7.00	5.00
R&D Expenses	-0.5%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00	1.00	0.00	0.00	0.00
EBITDA Margin	-1.1%	0.20*	0.20*	0.23*	0.20*	0.22*	0.23*	0.25*	0.28*	0.28*	0.27*	0.26*	0.24*	0.21*	0.20*	0.20*	0.21*	0.25*	0.29*	0.30*	0.30*	0.31*
Interest Expenses	-10.0%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Taxes	35.3%	2.00	1.00	2.00	1.00	0.00	1.00	1.00	0.00	2.00	1.00	1.00	2.00	0.00	1.00	1.00	-0.40	1.00	1.00	1.00	1.00	1.00
Earnings Before Taxes	-27.6%	4.00	6.00	7.00	3.00	5.00	4.00	4.00	4.00	6.00	7.00	7.00	4.00	4.00	5.00	4.00	1.00	3.00	5.00	6.00	4.00	7.00
EBT Margin	-1.1%	0.20*	0.20*	0.18*	0.16*	0.17*	0.19*	0.21*	0.23*	0.24*	0.23*	0.22*	0.20*	0.16*	0.15*	0.15*	0.17*	0.20*	0.24*	0.26*	0.26*	0.27*
Net Income	-50.2%	2.00	4.00	4.00	1.00	4.00	2.00	2.00	2.00	2.00	4.00	4.00	1.00	4.00	3.00	3.00	1.00	1.00	3.00	3.00	5.00	4.00
Net Income Margin	-15.6%	0.11*	0.13*	0.11*	0.10*	0.11*	0.09*	0.11*	0.13*	0.11*	0.13*	0.13*	0.11*	0.12*	0.09*	0.09*	0.10*	0.14*	0.17*	0.17*	0.18*	0.24*
Free Cashflow	-33.4%	3.00	4.00	3.00	4.00	2.00	3.00	2.00	4.00	3.00	4.00	0.00	5.00	3.00	4.00	3.00	6.00	2.00	4.00	2.00	6.00	-1.82

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																	(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q2
Assets	3.6%	210	202	202	201	199	197	198	199	196	194	188	190	187	185	183	180	134
Current Assets	2.5%	136	133	129	126	122	121	119	119	114	112	109	109	104	102	99.00	96.00	85.00
Cash Equivalents	1.4%	54.00	53.00	52.00	51.00	50.00	50.00	49.00	49.00	46.00	45.00	43.00	44.00	41.00	41.00	39.00	37.00	14.00
Net PPE	-4.3%	19.00	20.00	21.00	22.00	23.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	21.00	21.00	17.00
Goodwill	0%	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	0.00	4.00	4.00	4.00	4.00
Liabilities	14.4%	53.00	46.00	47.00	50.00	49.00	49.00	51.00	53.00	51.00	51.00	49.00	54.00	50.00	50.00	53.00	54.00	15.00
Current Liabilities	2.3%	15.00	14.00	14.00	16.00	14.00	14.00	15.00	17.00	14.00	14.00	16.00	20.00	17.00	17.00	19.00	19.00	14.00
Long Term Debt	-13.0%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00	1.00	1.00	1.00	1.00	0.00
LT Debt, Current	2.2%	0.00	0.00	0.00	0.00	0.00	-	-	0.00	-	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	0.00	0.00	0.00	0.00	-	-	0.00	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-4.2%	157	164	154	158	157	148	147	146	148	142	139	135	135	132	128	126	118
Retained Earnings	11.5%	-14.45	-16.33	-20.08	-24.19	-25.43	-29.29	-31.52	-33.57	-35.81	-38.10	-42.12	-46.01	-46.73	-50.60	-53.71	-56.22	-64.46
Additional Paid-In Capital	0%	181	181	183	183	184	184	185	185	185	185	185	185	185	185	183	183	181
Shares Outstanding	-1.8%	6.00	6.00	6.00	-	6.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	6.00	6.00	6.00	6.00	6.00
Minority Interest	-15.0%	-8.73	-7.59	-7.23	-7.08	-6.56	-6.02	-5.08	-4.05	-3.77	-3.31	-2.83	-3.05	-2.90	-1.95	-0.64	0.00	2.00
Float	-	-	-	-	-	-	106	-	-	-	95.00	-	-	-	110	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-31.0%	2,807	4,071	2,618	4,318	4,287	3,165	2,697	5,184	4,322	4,554	1,241	5,948	3,588	5,770	3,782	6,471	3,745	5,944	4,243	6,316	3,491
Cashflow From Investing	-117.3%	-289	-133	-79.00	-698	-2,204	-473	-963	-766	-1,723	-1,481	-1,209	-646	-1,940	-1,798	-435	-960	13,300	-2,349	-2,568	-421	-15,874
Cashflow From Financing	26.8%	-1,761	-2,406	-2,126	-1,980	-1,948	-1,883	-1,761	-1,705	-1,440	-1,627	-1,087	-1,650	-1,418	-2,156	-1,386	273	-1,419	-1,996	-1,763	-1,792	-1,124
Buy Backs	-100.0%	-	1,171	714	510	771	356	122	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

FONR Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
REVENUES
Patient fee revenue – net of contractual allowances and discounts	$ 8,614	$ 8,188	$ 25,511	$ 21,393
Product sales – net	110	25	329	225
Service and repair fees – net	1,818	1,831	5,460	5,489
Service and repair fees - related parties – net	39	28	94	83
Management and other fees – net	12,149	12,375	36,585	36,717
Management and other fees - related medical practices – net	2,988	2,975	8,962	8,962
Total Revenues – Net	25,718	25,422	76,941	72,869
COSTS AND EXPENSES
Costs related to patient fee revenue	4,437	4,056	13,466	11,879
Costs related to product sales	153	196	558	580
Costs related to service and repair fees	900	801	2,533	2,241
Costs related to service and repair fees - related parties	82	12	106	34
Costs related to management and other fees	6,864	7,157	21,095	20,281
Costs related to management and other fees – related medical practices	1,529	1,455	4,638	4,345
Research and development	414	435	1,297	1,126
Selling, general and administrative	7,593	7,143	18,046	20,074
Total Costs and Expenses	21,972	21,255	61,739	60,560
Income From Operations	3,746	4,167	15,202	12,309
Other Income (Expense)	45	(6)	46	(203)
Other Income – related party	(0)		577	0
Interest Expense	(9)	(15)	(67)	(41)
Investment Income – related party	13	0	13	0
Investment Income	536	356	1,576	770
Income Before Provision for Income Taxes and Non controlling Interests	4,331	4,502	17,347	12,835
Provision for Income Taxes	(1,848)	(17)	(4,884)	(2,889)
Net Income	2,483	4,485	12,463	9,946
Net Income – Non controlling Interests	(611)	(625)	(2,726)	(1,807)
Net Income – Attributable to FONAR	$ 1,872	$ 3,860	$ 9,737	$ 8,139

FONR Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Current Assets:
Cash and cash equivalents	$ 53,982	$ 51,280
Short-term investments	134	33
Accounts receivable – net	3,309	3,861
Accounts receivable - related party	30	0
Medical receivable – net	23,583	21,259
Management and other fees receivable – net	40,954	35,888
Management and other fees receivable – related medical practices – net	9,590	9,162
Inventories	2,935	2,570
Prepaid expenses and other current assets	1,310	1,608
Total Current Assets	135,827	125,661
Accounts receivable – long term	576	710
Note receivable – related party	590	0
Deferred income tax asset	7,039	10,042
Property and equipment – net	19,253	22,146
Right-of-use Asset – operating lease	37,779	33,069
Right-of-use Asset – financing lease	580	729
Goodwill	4,269	4,269
Other intangible assets – net	3,179	3,432
Other assets	539	524
Total Assets	209,631	200,582
Current Liabilities:
Current portion of long-term debt	46	44
Accounts payable	1,676	1,579
Other current liabilities	4,897	5,444
Unearned revenue on service contracts	3,444	3,832
Unearned revenue on service contracts – related party	28	0
Operating lease liability - current portion	3,635	3,905
Financing lease liability - current portion	224	218
Customer deposits	553	602
Total Current Liabilities	14,503	15,624
Long-Term Liabilities:
Unearned revenue on service contracts	572	760
Deferred income tax liability	395	395
Due to related medical practices	93	93
Operating lease liability – net of current portion	36,466	32,105
Financing lease liability – net of current portion	452	620
Long-term debt, less current portion	80	115
Other liabilities	40	42
Total Long-Term Liabilities	38,098	34,130
Total Liabilities	52,601	49,754
STOCKHOLDERS’ EQUITY:
Paid-in capital in excess of par value	180,607	182,613
Accumulated deficit	(14,454)	(24,191)
Treasury stock, at cost - 4 shares of common stock at March 31, 2024 and 11 shares of common stock at June 30, 2023	(395)	(516)
Total Fonar Corporation’s Stockholders’ Equity	165,759	157,907
Noncontrolling interests	(8,729)	(7,079)
Total Stockholders’ Equity	157,030	150,828
Total Liabilities and Stockholders’ Equity	209,631	200,582
Class A Non Voting Preferred Stock [Member]
STOCKHOLDERS’ EQUITY:
Preferred stock value	0	0
Preferred Stock [Member]
STOCKHOLDERS’ EQUITY:
Preferred stock value	0	0
Common Stocks [Member]
STOCKHOLDERS’ EQUITY:
Common stock value	1	1
Common Class B [Member]
STOCKHOLDERS’ EQUITY:
Common stock value	0	0
Common Class C [Member]
STOCKHOLDERS’ EQUITY:
Common stock value	$ 0	$ 0

About 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. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. 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 development and implementation of practice growth and marketing strategies. The company owns and operates 5 diagnostic imaging facilities in Florida; and manages 41 MRI scanning facilities, including 26 facilities located in New York and 15 facilities located in Florida. The company markets its scanners to private diagnostic imaging centers and hospitals. The company was incorporated in 1978 and is based in Melville, New York.

CEO	Mr. Timothy R. Damadian M.D.
WEBSITE	fonar.com
INDUSTRY	Diagnostics & Research
EMPLOYEES	484

FONAR Corp Frequently Asked Questions

What is the ticker symbol for FONAR Corp? What does FONR stand for in stocks?

FONR is the stock ticker symbol of FONAR Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of FONAR Corp (FONR)?

As of Fri May 17 2024, market cap of FONAR Corp is 96.61 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FONR stock?

You can check FONR's fair value in chart for subscribers.

What is the fair value of FONR stock?

You can check FONR's fair value in chart for subscribers. The fair value of FONAR Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of FONAR Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FONR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is FONAR Corp a good stock to buy?

The fair value guage provides a quick view whether FONR is over valued or under valued. Whether FONAR Corp is cheap or expensive depends on the assumptions which impact FONAR Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FONR.

What is FONAR Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, FONR's PE ratio (Price to Earnings) is 8.8 and Price to Sales (PS) ratio is 0.94. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FONR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on FONAR Corp's stock?

In the past 10 years, FONAR Corp has provided 0.015 (multiply by 100 for percentage) rate of return.