Figma, Inc. (FIG)

Solid fundamentals with notable concerns: a category-leading design platform growing ~45% with 136% net dollar retention, a ~$1.7B net-cash balance sheet, positive and stable free cash flow, and raised FY2026 guidance — offset by deeply negative GAAP profitability driven by outsized stock-based compensation (over 120% of revenue), compressing gross margin on AI infrastructure costs, low free float, and steady insider selling. SEC filings show no going-concern doubt and full covenant compliance on an undrawn $500M revolver. Sales-based valuation (~8x EV/Sales TTM) is acceptable for the growth rate, with ~33% analyst-target upside; treat intrinsic-value models as unreliable because the levered and unlevered DCF outputs conflict.

Dominant near-term driver is a fresh sell-side downgrade (Seeking Alpha, 2026-09-07, announced, not priced in) landing as FIG completes a ~26% seven-session slide, against a flat aggregate sentiment delta (scoring ≈ 0.0 vs a weakly measured ≈ 0.0 baseline) on a violently two-sided 14-day tape whose freshest edge is deteriorating. Red-Flag Screen clean — no severe or moderate flags fired, so no cap applies — but the actionable catalyst set is bearish-only with no forward-dated driver, leaving a weak, bearish-tilted setup.

Score capped at 2 by the fail-closed run-date branch: with runDate absent and company.cached=true in the input, this is a partial run with no trustworthy date source, so chart and event windows cannot be anchored to a verifiable 'today' and the read is treated as stale-by-default regardless of what the fetched series shows. The chart itself would independently read 1-2: price 22.01 sits below every key average (sma20 26.17, sma50 24.31, sma200 25.79, ema9 24.86, ema21 25.36), MACD line -0.24 with histogram -0.59 (below zero), Williams %R -99.68 pinned at oversold lows, ADX14 14.82 trendless - a live downtrend, not a tradeable long. Independently, the qualitative override gate (qualitativeScore 2 < 3) hard-blocks any bullish entry; shadow branch not applicable (rendered flag false).