ENVX

EnovixD

Nasdaq / Capital Goods

At close

2026-06-03

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

Momentum

What changed

2 setup hits (3d) with net bullish as of 2026-06-03.

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)

2 · Net Bullish

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

Data freshness

Prices

As of 2026-06-03

Fundamentals

As of 2026-06-02 • Vendor: Data Vendor v1

Scores

As of 2026-06-03 • Model: HYBRID_IC_RP

AI Memo

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

Investment thesis

As of 2026-06-03

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net Bullish

Target $15.39

Why

Momentum76 · Δ7d +12.1

Value33 · Δ7d 0.0

Sentiment32 · Δ7d -15.0

So what

Weak posture (Net Bullish). Prioritize risk control and patience.

Lead driver: Momentum · See technicals

Momentum

34% active weight

Current posture

7d trendImproving

Δ7d

+12.1

Δ21d

+6.5

Value

32% active weight

Current posture

7d trendFlat

Δ7d

0.0

Δ21d

+0.0

Sentiment

33% active weight

Current posture

7d trendSoftening

Δ7d

-15.0

Δ21d

Why this grade

Composite grade D. Momentum 76.4 / Value 33.4 / Sentiment 32.1

Fundamentals (TTM)

As of 2026-06-02

Market Cap

$1.88B

Beta

2.12

Shares Out

215.82M

P/E (TTM) · Derived

-11.5

P/S (TTM)

62.24

P/FCF (TTM) · Derived

-14.52

Rev YoY

+85.1%

EPS YoY

-104.0%

Gross Margin

+15.4%

Op Margin

-530.6%

Net Debt

-$93.6M

Current Ratio

9.72

As of 2026-06-03 • Updated nightlySource: Internal modelMethodology