DexCom Inc. [DXCM] moved down -1.33: Why It’s Important

DexCom Inc. [NASDAQ: DXCM] slipped around -1.36 points on Thursday, while shares priced at $101.25 at the close of the session, down -1.33%. The company report on October 27, 2022 that Dexcom Reports Third Quarter 2022 Financial Results.


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DexCom, Inc. (Nasdaq: DXCM) today reported its financial results as of and for the quarter ended September 30, 2022.

DexCom Inc. stock is now -24.57% down from its year-to-date (YTD) trading value. DXCM Stock saw the intraday high of $103.25 and lowest of $99.33 per share. The company’s 52-week high price is 164.86, which means current price is +51.36% above from all time high which was touched on 04/04/22.

Compared to the average trading volume of 2.83M shares, DXCM reached a trading volume of 3702293 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about DexCom Inc. [DXCM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DXCM shares is $105.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DXCM stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for DexCom Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 18, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on October 12, 2022, representing the official price target for DexCom Inc. stock. Previously, the target price had yet another raise to $105, while Bernstein analysts kept a Outperform rating on DXCM stock.

The Average True Range (ATR) for DexCom Inc. is set at 4.42, with the Price to Sales ratio for DXCM stock in the period of the last 12 months amounting to 14.66. The Price to Book ratio for the last quarter was 17.61, with the Price to Cash per share for the same quarter was set at 7.12. Price to Free Cash Flow for DXCM in the course of the last twelve months was 181.91 with Quick ratio for the last quarter at 4.30.

How has DXCM stock performed recently?

DexCom Inc. [DXCM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.30. With this latest performance, DXCM shares gained by 21.50% in over the last four-week period, additionally sinking by -1.99% over the last 6 months – not to mention a drop of -27.49% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DXCM stock in for the last two-week period is set at 60.91, with the RSI for the last a single of trading hit 61.93, and the three-weeks RSI is set at 59.70 for DexCom Inc. [DXCM]. The present Moving Average for the last 50 days of trading for this stock 89.98, while it was recorded at 99.89 for the last single week of trading, and 94.28 for the last 200 days.

DexCom Inc. [DXCM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and DexCom Inc. [DXCM] shares currently have an operating margin of +10.86 and a Gross Margin at +68.63. DexCom Inc.’s Net Margin is presently recorded at +6.32.

Return on Equity for this stock inclined to 7.59, with Return on Assets sitting at 3.35.

DexCom Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.30 and a Current Ratio set at 4.70.

Earnings analysis for DexCom Inc. [DXCM]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DXCM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DexCom Inc. go to 31.40%.

Insider trade positions for DexCom Inc. [DXCM]

There are presently around $40,493 million, or 96.60% of DXCM stock, in the hands of institutional investors. The top three institutional holders of DXCM stocks are: VANGUARD GROUP INC with ownership of 43,170,869, which is approximately 2.293% of the company’s market cap and around 0.10% of the total institutional ownership; GOLDMAN SACHS GROUP INC, holding 35,201,389 shares of the stock with an approximate value of $3.56 billion in DXCM stocks shares; and BLACKROCK INC., currently with $3.39 billion in DXCM stock with ownership of nearly -0.933% of the company’s market capitalization.

Positions in DexCom Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 385 institutional holders increased their position in DexCom Inc. [NASDAQ:DXCM] by around 54,117,508 shares. Additionally, 419 investors decreased positions by around 29,124,313 shares, while 107 investors held positions by with 316,689,312 shares. The mentioned changes placed institutional holdings at 399,931,133 shares, according to the latest SEC report filing. DXCM stock had 85 new institutional investments in for a total of 3,122,800 shares, while 115 institutional investors sold positions of 4,383,555 shares during the same period.

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