Fonar Corporation

NASDAQ FONR

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Fonar Corporation Price to Earnings Ratio (P/E) on June 03, 2024: 81.09

Fonar Corporation Price to Earnings Ratio (P/E) is 81.09 on June 03, 2024, a 765.45% change year over year. The price to earnings ratio (P/E ratio) compares the market price per share of a company's stock to its earnings per share (EPS). It is calculated by dividing the market capitalization by the net income, divided by the number of outstanding shares. This ratio provides insights into the market's valuation of a company's earnings. A higher P/E ratio indicates that investors are willing to pay a higher price for each unit of earnings, suggesting higher market expectations for future earnings growth.
  • Fonar Corporation 52-week high Price to Earnings Ratio (P/E) is 93.80 on May 10, 2024, which is 15.68% above the current Price to Earnings Ratio (P/E).
  • Fonar Corporation 52-week low Price to Earnings Ratio (P/E) is 9.08 on September 29, 2023, which is -88.80% below the current Price to Earnings Ratio (P/E).
  • Fonar Corporation average Price to Earnings Ratio (P/E) for the last 52 weeks is 20.97.
NASDAQ: FONR

Fonar Corporation

CEO Mr. Timothy R. Damadian
IPO Date Jan. 1, 1987
Location United States
Headquarters 110 Marcus Drive, Melville, NY, United States, 11747
Employees 561
Sector Healthcare
Industry Diagnostics & research
Description

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 also 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. It owns and operates diagnostic imaging facilities in Florida; and manages MRI scanning facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1970 and is based in Melville, New York.

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StockViz Staff

September 19, 2024

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