Dexcom Inc (NASDAQ: DXCM) Not A Good Play Anymore?

Dexcom Inc (DXCM) concluded trading on Thursday at a closing price of $117.69, with 3.08 million shares of worth about $362.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.87% during that period and on Thursday the price saw a gain of about 0.81%. Currently the company’s common shares owned by public are about 385.40M shares, out of which, 376.99M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 125 times over the past 12 months. They bought 381,324 shares in 32 of the transactions. In 93 selling transactions, insiders dumped 358,158 shares.

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However, the stock later moved at a day high price of 118.51, or with a gain of 0.81%. Stock saw a price change of -7.37% in past 5 days and over the past one month there was a price change of -6.19%. Year-to-date (YTD), DXCM shares are showing a performance of -5.16% which decreased to -0.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $74.75 but also hit the highest price of $139.55 during that period. The average intraday trading volume for Dexcom Inc shares is 3.02 million. The stock is currently trading -4.68% below its 20-day simple moving average (SMA20), while that difference is down -4.28% for SMA50 and it goes to 4.01% higher than SMA200.

Dexcom Inc (NASDAQ: DXCM) currently have 385.40M outstanding shares and institutions hold larger chunk of about 98.45% of that.

The stock has a current market capitalization of $45.37B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 89.79, while it has posted earnings per share of $1.31 in the same period. Its PEG reads 2.97 and has Quick Ratio of 2.48 while making debt-to-equity ratio of 1.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DXCM, volatility over the week remained 2.94% while standing at 2.79% over the month.

Analysts are in expectations that Dexcom Inc (DXCM) stock would likely to be making an EPS of $0.27 in the current quarter, while forecast for next quarter EPS is $0.39 and it is $2.22 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.21 which is $0.34 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 14.93% while it is estimated to increase by 27.52% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on May 30, 2023 offering an Equal-weight rating for the stock and assigned a target price of $131 to it.

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