FONAR Corp (FONR)
NASDAQHealth CareMedical - Equipment & ServicesSnapshot 2026-11-04
$19.090.00%
Close 2026-06-05 · 1-day change
NASDAQHealth CareMedical - Equipment & ServicesSnapshot 2026-11-04
QuarterlyIQ Insights · FONR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -44.8% |
| Our one-year growth estimate | diamond | 1.5% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 46.3 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of — · Company calendar date is not available
FONR — legal / regulatory event
Dated 2026-06-03
by reference. In connection with the closing of the Merger, the Company notified the Nasdaq Stock Market LLC (“ Nasdaq ”) of its intent to remove the Common Stock from listing on Nasdaq and requested that Nasdaq (i) suspend trading of the Common Stock on Nasdaq prior to the opening of trading on June 3, 2026 and (ii) file a Notification of Removal from Listing and/or Registration on Form 25 with the SEC to delist and deregister the Common Stock under Section 12(b) of the Securities Exchange A…
Why it matters: Nine-month operating income fell 19% while revenue rose slightly. A further drop would show that costs are weighing more on earnings.
Worry ifA later nine-month report shows operating income fell more than 19% year over year.
Less concerning ifA later nine-month report shows operating income stayed flat or rose year over year.
Why it matters: Cash and short-term investments fell to $53.8 million from $56.5 million. A rise would show cash has recovered from that decline.
Supportive ifA later balance sheet shows more than $56.5 million in cash, cash equivalents, and short-term investments.
Worry ifA later balance sheet reports those funds below $53.8 million.
Why it matters: The deal needs stockholder approval and other closing steps. A clear result will show whether the merger can proceed.
Watch forFONAR reports that stockholders approved the merger at the May 28, 2026 special meeting. Closing conditions remain met.
Also watch forFONAR reports that stockholders voted against the merger. It also reports that a closing condition failed or the deal ended.
Why it matters: Scans rose 3.0% in the first nine months. More scans can support revenue at HMCA, FONAR's main source of income and growth.
Supportive ifFONAR reports MRI scan volume growth above 3% year over year for a later reported period.
Worry ifFONAR reports MRI scan volume growth at or below 0% year over year for a later reported period.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$11 on $10,000 · ±0.1% | How much price usually moves either way. |
| Bad day | $127 loss on $10,000 · 1.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,393 loss on $10,000 · 13.9% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Cash from operations was $3.4 million for nine months, down from $7.0 million a year earlier. A recovery would ease pressure on cash generation.
Supportive ifA later nine-month report shows more than $7.0 million in cash from operations.
Worry ifA later nine-month report shows cash from operations at or below $3.4 million.
Why it matters: Management said it aimed to manage a new center before fiscal 2026 ends. An opening would add to its 45-center network.
Supportive ifFONAR confirms it began managing the Nassau County center by June 30, 2026.
Worry ifFONAR reports no opening by June 30, 2026, or says the launch is delayed.