Better Times Ahead For Dexcom Inc (NASDAQ: DXCM)?

Dexcom Inc (DXCM) concluded trading on Thursday at a closing price of $133.34, with 2.65 million shares of worth about $353.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 46.62% during that period and on April 4, 2024 the price saw a loss of about -3.73%. Currently the company’s common shares owned by public are about 385.40M shares, out of which, 377.37M shares are available for trading.

However, the stock later moved at a day high price of 136.25, or with a loss of -3.73%. Stock saw a price change of -4.40% in past 5 days and over the past one month there was a price change of 9.49%. Year-to-date (YTD), DXCM shares are showing a performance of 7.45% which increased to 15.71% 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 $142.00 during that period. The average intraday trading volume for Dexcom Inc shares is 3.10 million. The stock is currently trading -1.29% below its 20-day simple moving average (SMA20), while that difference is up 5.55% for SMA50 and it goes to 16.50% higher than SMA200.

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Dexcom Inc (NASDAQ: DXCM) currently have 385.40M outstanding shares and institutions hold larger chunk of about 98.97% of that.

The stock has a current market capitalization of $51.40B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 101.73, while it has posted earnings per share of $1.31 in the same period. Its PEG reads 3.05 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 2.59% while standing at 3.32% over the month.

Stock’s fiscal year EPS is expected to rise by 15.38% while it is estimated to increase by 27.05% 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 RBC Capital Mkts on March 12, 2024 offering an Outperform rating for the stock and assigned a target price of $165 to it. Coverage by Morgan Stanley stated Dexcom Inc (DXCM) stock as an Equal-weight in their note to investors on May 30, 2023, suggesting a price target of $131 for the stock. On April 17, 2023, Raymond James Upgrade their recommendations, while on March 29, 2023, UBS Initiated their ratings for the stock with a price target of $142. Stock get an Outperform rating from Wolfe Research on January 26, 2023.

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