FONR

FonarA

Nasdaq / Health Care Equipment & Services

At close

2026-06-02

Current thesis

The quarter showed continued scan-volume growth and stable enough balance-sheet quality, with HMCA remaining the core profit engine. If the merger closes near current terms, downside should remain limited; if it does not, the improving site network and higher scanner utilization provide some support for a modest standalone case.

Posture

Constructive

Lead driver

Momentum

What changed

Momentum remains the lead driver in the composite, 7D delta +2.4.

What can break

Forward visibility is limited because the business is still dominated by transaction mechanics and low public-coverage breadth.

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $18.90 · Bull $19.60 · Bear $17.40

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-01 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-19 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade A · Constructive

Confidence Medium · Net Neutral

Why

Momentum81 · Δ7d +2.4

Value69 · Δ7d -0.1

Sentiment43 · Δ7d -1.2

So what

Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Lead driver: Momentum · See technicals

Momentum

34% active weight

Current posture

7d trendSoftening

Δ7d

+2.4

Δ21d

Value

32% active weight

Current posture

7d trendFlat

Δ7d

-0.1

Δ21d

+0.1

Sentiment

33% active weight

Current posture

7d trendSoftening

Δ7d

-1.2

Δ21d

Why this grade

Composite grade A. Momentum 81.1 / Value 69.1 / Sentiment 42.6

Fundamentals (TTM)

As of 2026-06-01

Market Cap

$120M

Beta

1.00

Shares Out

6.59M

P/E (TTM)

17.8

P/S (TTM)

1.29

P/FCF (TTM)

18.31

Rev YoY

+4.3%

EPS YoY

-26.4%

Gross Margin

+41.1%

Op Margin

+9.7%

Net Debt

-$56.07M

Current Ratio

8.63

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology