As of Friday close, DexCom Inc.’s (NASDAQ:DXCM) stock was down -$1.58, moving down -1.77 percent to $87.50. The average number of shares traded per day over the past five days has been 3,959,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$8.85 fall in that time frame. In the last twenty days, the average volume was 4,661,745, while in the previous 50 days, it was 3,990,976.
Since last month, DXCM stock retreated -16.17%. Shares of the company fell to $87.14 on 09/22/23, the lowest level in the past month. A 52-week high of $139.55 was reached on 07/28/23 after having rallying from a 52-week low of $78.94. Since the beginning of this year, DXCM’s stock price has dropped by -22.73% or -$25.74, and marked a new high 21 times. However, the stock has declined by -37.30% since its 52-week high.
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DXCM stock investors should be aware that DexCom Inc. (DXCM) stock had its last reported insider trading activity 1 day ago on Sep 22. Pacelli Steven Robert, the EVP Managing Director Dexcom V of the company, disposed of 411 shares for $88.40 on Sep 22. It resulted in a $36,332 divestment by the insider. ALTMAN STEVEN R sold 1,000 shares at an average price of $101.50 on Sep 15. The insider now owns 61,700 shares following the transaction. On Sep 12, Director Heller Bridgette P sold 600 shares at $106.56 apiece. The transaction was valued at $63,936.
Valuation Metrics
Right now, DexCom Inc. (DXCM) has a P/E ratio of about 104.42. The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 11.19, the price-to-book (PB) ratio of 16.11, and the price-to-cash flow ratio of 76.76 may also be considered.
Financial Health
In the three months ended June 29, DexCom Inc.’s quick ratio stood at 2.20, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.19, and the total debt-to-equity ratio was 1.55. On the profitability front, the trailing twelve-month gross margin is 64.40% percent. In the year ended June 29, EBITDA margin amounted to 18.80%, whereas operating margins totaled 14.00%. Based on annual data, DXCM earned $1.88 billion in gross profit and brought in $2.91 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.20%. Return on equity (ROE) for the past 12 months was 17.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DXCM’s revenue rose 20.1% to $741.5 million during the quarter, while net income inched up to $871.3 million. While analysts expected DexCom Inc. to report $0.23 quarterly earnings, the actual figure was $0.34 per share, beating the consensus estimate by 47.80%. During the quarter, the company generated $171.8 million in EBITDA. The liabilities of DexCom Inc. were 4.72 billion at the end of its most recent quarter ended June 29, and its total debt was $3.37 billion. The value of shareholders’ equity is $387.87 million.
Technical Picture
This quick technical analysis looks at DexCom Inc.’s (DXCM) price momentum. With a historical volatility rate of 17.50%, the RSI 9-day stood at 19.98% on 22 September.
With respect to its five-day moving average, the current DexCom Inc. price is down by -9.19% percent or -$8.85. At present, DXCM shares trade -13.35% below its 20-day simple moving average and -26.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.69% below its SMA50 and -24.93% below its SMA200.
Stochastic coefficient K was 1.53% and Stochastic coefficient D was 3.38%, while ATR was 3.71. Given the Stochastic reading of 1.70% for the 14-day period, the RSI (14) reading has been calculated as 25.56%. As of today, the MACD Oscillator reading stands at -6.56, while the 14-day reading stands at -9.58.
Analyst Ratings
DexCom Inc. (DXCM) has been rated Buy by analysts. According to 0 brokerage firms, DXCM is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate DexCom Inc. stock as buy, with 17 recommending it as overweight.
With a median target price of $150.00, the current consensus forecast for the stock is $130.00 – $160.00. Based on these forecasts, analysts predict DexCom Inc. (DXCM) will achieve an average price target of $146.93.
