Dexcom Inc [NASDAQ: DXCM] price surged by 0.81 percent to reach at $0.94. The company report on February 8, 2024 at 4:02 PM that Dexcom Reports Fourth Quarter and Fiscal Year 2023 Financial Results.
DexCom, Inc. (Nasdaq: DXCM) today reported its financial results as of and for the quarter and fiscal year ended December 31, 2023.
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The one-year DXCM stock forecast points to a potential upside of 20.2. The average equity rating for DXCM stock is currently 1.33, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $147.49 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 1.33. 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.
Morgan Stanley have made an estimate for Dexcom Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on May 30, 2023.
The Average True Range (ATR) for Dexcom Inc is set at 3.58, with the Price to Sales ratio for DXCM stock in the period of the last 12 months amounting to 12.53. The Price to Book ratio for the last quarter was 21.93, with the Price to Cash per share for the same quarter was set at 7.07. Price to Free Cash Flow for DXCM in the course of the last twelve months was 88.63 with Quick ratio for the last quarter at 2.48.
DXCM Stock Performance Analysis:
Dexcom Inc [DXCM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.37. With this latest performance, DXCM shares dropped by -6.19% in over the last four-week period, additionally plugging by 5.87% over the last 6 months – not to mention a drop of -0.73% 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 41.03, with the RSI for the last a single of trading hit 36.75, and the three-weeks RSI is set at 45.03 for Dexcom Inc [DXCM]. The present Moving Average for the last 50 days of trading for this stock 122.95, while it was recorded at 118.07 for the last single week of trading, and 113.15 for the last 200 days.
Insight into Dexcom Inc Fundamentals:
Dexcom Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.48 and a Current Ratio set at 2.84.
DXCM Stock EPS
With the latest financial reports released by the company, Dexcom Inc posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.30%. 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 30.25%.
Dexcom Inc [DXCM] Institutonal Ownership Details
The top three institutional holders of DXCM stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in DXCM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in DXCM stock with ownership which is approximately 5.8325%.
