VREX

Varex ImagingD

Nasdaq / Health Care Equipment & Services

At close

2026-07-18

Current thesis

The constructive read is that Varex delivered revenue within its prior range, cited solid demand in CT, cargo systems, and photon counting detectors, and guided to second-half fiscal 2026 year-over-year growth despite excluding any IEEPA tariff refund from guidance. The March refinancing also removed the nearer-term 2027 note maturity overhang, which helps if operations firm from here.

Posture

Defensive

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta +0.2.

What can break

Cash generation remains weak, with first-half operating cash flow negative $17.6 million and quarter-end cash, cash equivalents, and marketable securities down to $88.3 million from $155.1 million at fiscal year-end. [#10-Q-2026-05-07]

Momentum

Value

Sentiment

Setup hits (3d)

— · Net —

AI TargetsBase $11.00 · Bull $14.50 · Bear $8.50

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 2026-05-08 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-18

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net —

Target $18.00

Why

Momentum22 · Δ7d -5.4

Value57 · Δ7d +0.2

Sentiment58 · Δ7d +1.3

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: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendFlat

Δ7d

-5.4

Δ21d

-8.6

Value

39% active weight

Current posture

7d trendFlat

Δ7d

+0.2

Δ21d

+0.1

Sentiment

34% active weight

Current posture

7d trendFlat

Δ7d

+1.3

Δ21d

-4.4

Why this grade

Composite grade D. Momentum 21.5 / Value 56.7 / Sentiment 57.5

Fundamentals (TTM)

As of 2026-07-17

Market Cap

$444.16M

Beta

0.89

Shares Out

42.1M

P/E (TTM) · Derived

11.6

P/S (TTM)

0.61

P/FCF (TTM)

27.45

Rev YoY

+1.5%

EPS YoY

-243.1%

Gross Margin

+33.6%

Op Margin

-3.3%

Net Debt

$218.4M

Current Ratio

3.20

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