Stock Rating Upgrade
The Value Trend Rating for Fonar Corp (NASDAQ: FONR) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Fonar Corp (NASDAQ: FONR) stock was unchanged 0.0% on 9/10/24. The shares closed at $16.39. However, below average trading volume at 68% of normal accompanied the flat performance. The stock has been weak relative to the market over the last nine months and has declined -5.8% during the last week.
Current PriceTarget Research Rating
FONR’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Fonar has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Fonar has a neutral Appreciation Score of 59 but a poor Power Rating of 27, resulting in the Low Neutral Value Trend Rating.
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