Dexcom Inc (NASDAQ:DXCM) saw an upside of 2.97% to close Tuesday at $88.62 after adding $2.56 on the day. The 5-day average trading volume is 4,292,460 shares of the company’s common stock. It has gained $95.81 in the past week and touched a new high 1 time within the past 5 days. An average of 4,654,770 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,053,150.
DXCM’s 1-month performance is -12.05% or -$12.14 on its low of $85.31 reached on 09/25/23. The company’s shares have touched a 52-week low of $78.94 and high of $139.55, with the stock’s rally to the 52-week high happening on 07/28/23. YTD, DXCM has lost -21.74% or -$24.62 and has reached a new high 21 times. However, the current price is down -36.50% from the 52-week high price.
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Insider Transactions
DXCM stock investors last saw insider trading activity on Sep 22.Pacelli Steven Robert (EVP Managing Director Dexcom V) most recently sold 411 shares at $88.40 per share on Sep 22. This transaction cost the insider $36,332. Director, ALTMAN STEVEN R, sold 1,000 shares at a price of $101.50 on Sep 15. Then, on Sep 12, Director Heller Bridgette P sold 600 shares at a price of $106.56 per share. This transaction amounted to $63,936.
Valuation Metrics
DXCM stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.75 while the price-to-book (PB) in the most recent quarter is 16.29, with the price to cash flow ratio at 73.76.
Dexcom Inc’s quick ratio for the period ended June 29 was 2.21, with the current ratio over the same period at 2.42. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.23, while the total debt to equity was 1.61.. In terms of profitability, the gross margin trailing 12 months is 62.55%. The trailing 12-month EBITDA margin is 18.80% while for the period ending June 29, Dexcom Inc’s operating margin was 14.02%. The firm’s gross profit as reported stood at $1.88 billion against revenue of $2.91 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 56.08% to $115.9 million, while revenue of $48.6 million was 58.07% off the previous quarter. Analysts expected DXCM to announce $0.23 per share in earnings in its latest quarter, but it posted $0.34, representing a 47.80% surprise. EBITDA for the quarter stood at more than $171.8 million. DXCM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.72 billion, with total debt at $3.37 billion. Shareholders hold equity totaling $387.87 million.
Let’s look briefly at Dexcom Inc (DXCM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 28.94% to suggest the stock is trending oversold, with historical volatility in this time period at 30.82%.
The stock’s 5-day moving average is $88.78, reflecting a -5.88% or -$5.54 change from its current price. DXCM is currently trading -10.75% above its 20-day SMA, -24.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -35.53% and SMA200 by-24.84%.
Stochastic %K and %D was 6.50% and 3.36% and the average true range (ATR) pointed at 3.53. The RSI (14) points at 30.51%, while the 14-day stochastic is at 14.53% with the period’s ATR at 3.73. The stock’s 9-day MACD Oscillator is pointing at -4.97 and -9.60 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for DXCM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate DXCM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 17 have offered a “buy” rating.
What is DXCM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $130.00 and a high of $160.00, with their median price target at $150.00. Looking at these predictions, the average price target given by analysts is for Dexcom Inc (DXCM) stock is $146.93.
