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Fonar Corporation (FONR)

Upturn stock ratingUpturn stock rating
$15.88
Last Close (24-hour delay)
Profit since last BUY11.28%
upturn advisory
WEAK BUY
BUY since 66 days
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Upturn Advisory Summary

08/28/2025: FONR (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit 2.87%
Avg. Invested days 39
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 93.69M USD
Price to earnings Ratio 11.9
1Y Target Price -
Price to earnings Ratio 11.9
1Y Target Price -
Volume (30-day avg) -
Beta 1
52 Weeks Range 12.00 - 18.68
Updated Date 06/29/2025
52 Weeks Range 12.00 - 18.68
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) 1.25

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 8.19%
Operating Margin (TTM) 13.48%

Management Effectiveness

Return on Assets (TTM) 3.54%
Return on Equity (TTM) 6.91%

Valuation

Trailing PE 11.9
Forward PE -
Enterprise Value 78089814
Price to Sales(TTM) 0.91
Enterprise Value 78089814
Price to Sales(TTM) 0.91
Enterprise Value to Revenue 0.76
Enterprise Value to EBITDA 3.37
Shares Outstanding 6168460
Shares Floating 6030734
Shares Outstanding 6168460
Shares Floating 6030734
Percent Insiders 2.45
Percent Institutions 49.08

ai summary icon Upturn AI SWOT

Fonar Corporation

stock logo

Company Overview

overview logo History and Background

Fonar Corporation was founded in 1978 by Dr. Raymond Damadian, the inventor of the first MRI scanner. The company pioneered the development and manufacturing of MRI technology, focusing on open MRI systems.

business area logo Core Business Areas

  • MRI Scanner Manufacturing and Sales: Fonar designs, manufactures, and sells MRI scanners. They are known for their open MRI design, which aims to reduce patient anxiety and claustrophobia.
  • MRI Scanner Service and Maintenance: Fonar offers comprehensive service and maintenance programs for its installed base of MRI scanners.
  • Management Services: Fonar provides management services to medical facilities, including billing, staffing, and operational support.

leadership logo Leadership and Structure

Dr. Raymond Damadian serves as the Chairman and Founder. The company's structure is centered around its core business units: MRI manufacturing and sales, service, and management services. Top executive management includes a CEO, CFO, and other key divisional heads.

Top Products and Market Share

overview logo Key Offerings

  • Uprightu00ae Multi-Positionu2122 MRI: Fonar's flagship product, an open MRI scanner that allows patients to be scanned in multiple positions (standing, sitting, lying down). Market share data is not readily available. Competitors include Siemens Healthineers, GE Healthcare, and Philips Healthcare.

Market Dynamics

industry overview logo Industry Overview

The MRI market is characterized by technological advancements, increasing demand for diagnostic imaging, and competitive pressure from major players. It is also affected by healthcare regulations and reimbursement policies.

Positioning

Fonar differentiates itself with its open MRI technology, targeting patients who experience claustrophobia or require weight-bearing scans. Its competitive advantage lies in its specialized open MRI systems.

Total Addressable Market (TAM)

The global MRI market is estimated to be in the billions of dollars. Fonar, with its niche focus, captures a small percentage of this TAM.

Upturn SWOT Analysis

Strengths

  • Pioneering open MRI technology
  • Strong brand recognition in niche markets
  • Experienced leadership
  • Loyal customer base

Weaknesses

  • Small market share compared to major players
  • Limited financial resources
  • Dependence on a niche market
  • Limited R&D investment

Opportunities

  • Expanding into new geographic markets
  • Developing new MRI applications
  • Partnerships and collaborations
  • Increase in outpatient imaging centers

Threats

  • Intense competition from larger companies
  • Technological obsolescence
  • Changes in healthcare regulations
  • Economic downturn

Competitors and Market Share

competitor logo Key Competitors

  • SIEMENS (SIE.DE)
  • GE (GE)
  • Philips (PHG)

Competitive Landscape

Fonar faces significant competition from larger, more established companies with greater resources. Its competitive advantage lies in its open MRI technology, but it must continue to innovate and expand its market reach to compete effectively.

Growth Trajectory and Initiatives

Historical Growth: Historical growth data is unavailable.

Future Projections: Future projections are not available.

Recent Initiatives: Recent initiatives data are not available.

Summary

Fonar Corporation is a pioneer in open MRI technology with a recognized brand in its niche market. However, it faces strong competition from larger companies with deeper pockets and broader product portfolios. To thrive, Fonar needs to innovate its technology and expand into new markets, while effectively managing its financial resources. The company's success depends on its ability to capitalize on the increasing demand for patient-friendly MRI solutions.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Company Website
  • Industry Reports

Disclaimers:

This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance can change rapidly.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Fonar Corporation

Exchange NASDAQ
Headquaters Melville, NY, United States
IPO Launch date 1987-01-01
Chairman, President, CEO & Treasurer Mr. Timothy R. Damadian M.D.
Sector Healthcare
Industry Diagnostics & Research
Full time employees 520
Full time employees 520

FONAR Corporation, together with its subsidiaries, engages in the designing, manufacturing, and selling magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases, abnormalities, other medical conditions, and injuries in the United States. It operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. The company offers Upright MRI scanner, allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. It also provides 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. In addition, the company owns and operates diagnostic imaging facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1978 and is based in Melville, New York.