ENVX

EnovixD

Nasdaq / Capital Goods

At close

2026-07-18

Current thesis

The bull case is that Q1 showed real operating progress: revenue beat guidance, gross margin improved, smart-eyewear production started, and management described a clearer smartphone qualification path plus 2H26 system-level deployment goals. If qualification closes, the gap between the $6.11 anchor price and the roughly $15.39 median target could narrow quickly.

Posture

Defensive

Lead driver

Sentiment

What changed

Sentiment remains the lead driver in the composite, 7D delta +7.8.

What can break

Balance-sheet leverage is not near-term distress, but Enovix still carries $172.5M of 2028 converts and $360.0M of 2030 converts, making execution setbacks more costly if capital-market access worsens. [#10-Q-2026-05-14]

Momentum

Value

Sentiment

Setup hits (3d)

— · Net —

AI TargetsBase $6.75 · Bull $10.00 · Bear $4.50

Data freshness

Prices

As of 2026-07-18

Fundamentals

As of 2026-07-17 • Vendor: Data Vendor v1

Scores

As of 2026-07-18 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-16 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-18

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net —

Target $13.89

Why

Momentum4 · Δ7d -2.0

Value34 · Δ7d +0.0

Sentiment93 · Δ7d +7.8

So what

Weak posture. Prioritize risk control and patience.

Setup hits not loaded

Load setup hits to see net bias and recent triggers.

Load setup hits

Lead driver: Sentiment · See AI snapshot

Momentum

26% active weight

Current posture

7d trendFlat

Δ7d

-2.0

Δ21d

-32.1

Value

39% active weight

Current posture

7d trendFlat

Δ7d

+0.0

Δ21d

+0.1

Sentiment

34% active weight

Current posture

7d trendImproving

Δ7d

+7.8

Δ21d

+27.8

Why this grade

Composite grade D. Momentum 3.9 / Value 33.9 / Sentiment 93.3

Fundamentals (TTM)

As of 2026-07-17

Market Cap

$1.03B

Beta

2.12

Shares Out

218.15M

P/E (TTM) · Derived

-6.3

P/S (TTM)

62.24

P/FCF (TTM) · Derived

-7.87

Rev YoY

+49.1%

EPS YoY

+43.2%

Gross Margin

-35.0%

Op Margin

-530.6%

Net Debt

$28.34M

Current Ratio

10.97

As of 2026-07-18 • Updated nightlySource: Internal modelMethodology