Fonar Corporation Stock Upgraded (FONR)
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- FONR's very impressive revenue growth greatly exceeded the industry average of 3.8%. Since the same quarter one year prior, revenues leaped by 83.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 57.14% and other important driving factors, this stock has surged by 191.78% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, FONR should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- FONAR CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, FONAR CORP increased its bottom line by earning $1.34 versus $0.90 in the prior year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Health Care Equipment & Supplies industry. The net income increased by 58.9% when compared to the same quarter one year prior, rising from $1.35 million to $2.14 million.
- Net operating cash flow has increased to $2.91 million or 19.57% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 2.20%.
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