Fonar Stock Price on October 9, 2024
| FONR Stock | USD 16.39 0.06 0.36% |
Below is the normalized historical share price chart for Fonar extending back to October 29, 1981. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fonar stands at 16.39, as last reported on the 29th of November, with the highest price reaching 16.59 and the lowest price hitting 16.35 during the day.
If you're considering investing in Fonar Stock, it is important to understand the factors that can impact its price. Fonar secures Sharpe Ratio (or Efficiency) of -0.0061, which denotes the company had a -0.0061% return per unit of risk over the last 3 months. Fonar exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fonar's Standard Deviation of 2.31, mean deviation of 1.49, and Variance of 5.33 to check the risk estimate we provide.
At this time, Fonar's Total Stockholder Equity is relatively stable compared to the past year. As of 11/29/2024, Liabilities And Stockholders Equity is likely to grow to about 225 M, while Other Stockholder Equity is likely to drop slightly above 142.3 M. . At this time, Fonar's Price Earnings To Growth Ratio is relatively stable compared to the past year. As of 11/29/2024, Price To Operating Cash Flows Ratio is likely to grow to 7.64, while Price Earnings Ratio is likely to drop 8.65. Fonar Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 1st of January 1987 | 200 Day MA 17.4819 | 50 Day MA 15.8858 | Beta 1.194 |
Fonar |
Sharpe Ratio = -0.0061
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| Negative Returns | FONR |
Estimated Market Risk
| 2.32 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fonar is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fonar by adding Fonar to a well-diversified portfolio.
Price Book 0.6218 | Enterprise Value Ebitda 3.4869 | Price Sales 1.0194 | Shares Float 5.8 M | Earnings Share 1.4 |
Fonar Valuation on October 9, 2024
It is possible to determine the worth of Fonar on a given historical date. On October 9, 2024 Fonar was worth 15.91 at the beginning of the trading date compared to the closed value of 15.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fonar stock. Still, in general, we apply an absolute valuation method to find Fonar's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fonar where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fonar's related companies.
| Open | High | Low | Close | Volume | |
| 16.06 | 16.14 | 15.85 | 15.85 | 12,428 | |
10/09/2024 | 15.91 | 15.94 | 15.76 | 15.80 | 18,020 |
| 15.67 | 15.75 | 15.30 | 15.51 | 26,951 |
| Backtest Fonar | | | Fonar History | | | Fonar Valuation | Previous | Next |
Fonar Trading Date Momentum on October 9, 2024
| On October 10 2024 Fonar was traded for 15.51 at the closing time. The top price for the day was 15.75 and the lowest listed price was 15.30 . The trading volume for the day was 27 K. The trading history from October 10, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.84% . The overall trading delta against the current closing price is 0.44% . |
Fonar Fundamentals Correlations and Trends
By evaluating Fonar's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fonar's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fonar financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fonar Stock history
Fonar investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fonar is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fonar will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fonar stock prices may prove useful in developing a viable investing in Fonar
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 6.5 M | 4.2 M | |
| Net Income Applicable To Common Shares | 10.3 M | 18.7 M |
Fonar Quarterly Net Working Capital |
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Fonar Stock Technical Analysis
Fonar technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Fonar Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Fonar cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Fonar November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Fonar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fonar shares will generate the highest return on investment. By undertsting and applying Fonar stock market strength indicators, traders can identify Fonar entry and exit signals to maximize returns
Fonar Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fonar's price direction in advance. Along with the technical and fundamental analysis of Fonar Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fonar to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.1) |
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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.