Fonar Stock Fundamentals
| FONR Stock | USD 15.15 0.21 1.37% |
Fundamental analysis of Fonar allows traders to better anticipate movements in Fonar's stock price by examining its financial health and performance throughout various phases of its business cycle.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Fonar Company Profit Margin Analysis
Fonar's Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
Current Fonar Profit Margin | 0.08 % |
Most of Fonar's fundamental indicators, such as Profit Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fonar is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
| Competition |
Based on the latest financial disclosure, Fonar has a Profit Margin of 0.0799%. This is 100.71% lower than that of the Health Care Equipment & Supplies sector and 101.46% lower than that of the Health Care industry. The profit margin for all United States stocks is 106.29% lower than that of the firm.
Fonar Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fonar's current stock value. Our valuation model uses many indicators to compare Fonar value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fonar competition to find correlations between indicators driving Fonar's intrinsic value. More Info.Fonar is rated # 3 in return on equity category among its peers. It also is rated # 3 in return on asset category among its peers reporting about 0.50 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Fonar is roughly 2.01 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Fonar by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Fonar Profit Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fonar's direct or indirect competition against its Profit Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Fonar could also be used in its relative valuation, which is a method of valuing Fonar by comparing valuation metrics of similar companies.Fonar is currently under evaluation in profit margin category among its peers.
Fonar Fundamentals
| Return On Equity | 0.0674 | ||||
| Return On Asset | 0.0336 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 79.18 M | ||||
| Shares Outstanding | 6.17 M | ||||
| Shares Owned By Insiders | 4.61 % | ||||
| Shares Owned By Institutions | 47.24 % | ||||
| Number Of Shares Shorted | 58.78 K | ||||
| Price To Earning | 12.10 X | ||||
| Price To Book | 0.56 X | ||||
| Price To Sales | 0.93 X | ||||
| Revenue | 104.35 M | ||||
| Gross Profit | 42.91 M | ||||
| EBITDA | 16.3 M | ||||
| Net Income | 10.67 M | ||||
| Cash And Equivalents | 48.73 M | ||||
| Cash Per Share | 7.31 X | ||||
| Total Debt | 38.92 M | ||||
| Debt To Equity | 0.26 % | ||||
| Current Ratio | 8.01 X | ||||
| Book Value Per Share | 26.35 X | ||||
| Cash Flow From Operations | 11.26 M | ||||
| Short Ratio | 6.41 X | ||||
| Earnings Per Share | 1.23 X | ||||
| Number Of Employees | 520 | ||||
| Beta | 0.97 | ||||
| Market Capitalization | 96.71 M | ||||
| Total Asset | 216.91 M | ||||
| Retained Earnings | (5.29 M) | ||||
| Working Capital | 127.55 M | ||||
| Current Asset | 45.56 M | ||||
| Current Liabilities | 20.61 M | ||||
| Net Asset | 216.91 M |
About Fonar Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fonar's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fonar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fonar based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging scanners for the detection and diagnosis of human diseases in the United States. The company was incorporated in 1978 and is based in Melville, New York. Fonar Corp operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 484 people.
Pair Trading with Fonar
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fonar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fonar will appreciate offsetting losses from the drop in the long position's value.Moving against Fonar Stock
| 0.57 | ENSG | Ensign Group | PairCorr |
| 0.54 | LH | Laboratory | PairCorr |
| 0.5 | VREX | Varex Imaging Corp | PairCorr |
| 0.5 | EHAB | Enhabit | PairCorr |
| 0.45 | MD | Mednax Inc | PairCorr |
The ability to find closely correlated positions to Fonar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fonar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fonar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fonar to buy it.
The correlation of Fonar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fonar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fonar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fonar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Fonar Stock Analysis
When running Fonar's price analysis, check to measure Fonar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fonar is operating at the current time. Most of Fonar's value examination focuses on studying past and present price action to predict the probability of Fonar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fonar's price. Additionally, you may evaluate how the addition of Fonar to your portfolios can decrease your overall portfolio volatility.