Market Recap: Dexcom Inc (DXCM)’s Negative Momentum, Closing at 65.68

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The closing price of Dexcom Inc (NASDAQ: DXCM) was $65.68 for the day, down -2.12% from the previous closing price of $67.10. In other words, the price has decreased by -$2.12 from its previous closing price. On the day, 3.46 million shares were traded. DXCM stock price reached its highest trading level at $67.1499 during the session, while it also had its lowest trading level at $65.58.

Ratios:

Our analysis of DXCM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.55. For the most recent quarter (mrq), Quick Ratio is recorded 2.48 and its Current Ratio is at 2.82. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 1.06.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Robert W. Baird on July 26, 2024, Downgraded its rating to Neutral and sets its target price to $80 from $161 previously.

On July 26, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $145 to $75.

On May 30, 2024, Redburn Atlantic started tracking the stock assigning a Neutral rating and target price of $130.Redburn Atlantic initiated its Neutral rating on May 30, 2024, with a $130 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 16 ’24 when Heller Bridgette P sold 1,000 shares for $70.00 per share. The transaction valued at 70,000 led to the insider holds 24,349 shares of the business.

Heller Bridgette P bought 1,000 shares of DXCM for $70,000 on Sep 16 ’24. On Sep 09 ’24, another insider, Stern Sadie, who serves as the EVP, Chief HR Officer of the company, sold 426 shares for $69.15 each. As a result, the insider received 29,458 and left with 75,451 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DXCM now has a Market Capitalization of 26884663296 and an Enterprise Value of 25793337344. As of this moment, Dexcom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.47, and their Forward P/E ratio for the next fiscal year is 32.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.69 while its Price-to-Book (P/B) ratio in mrq is 10.81. Its current Enterprise Value per Revenue stands at 6.555 whereas that against EBITDA is 29.086.

Stock Price History:

Over the past 52 weeks, DXCM has reached a high of $142.00, while it has fallen to a 52-week low of $62.34. The 50-Day Moving Average of the stock is -8.53%, while the 200-Day Moving Average is calculated to be -40.96%.

Shares Statistics:

DXCM traded an average of 5.50M shares per day over the past three months and 4120130 shares per day over the past ten days. A total of 400.73M shares are outstanding, with a floating share count of 395.05M. Insiders hold about 1.42% of the company’s shares, while institutions hold 94.68% stake in the company. Shares short for DXCM as of 1726185600 were 8551679 with a Short Ratio of 1.55, compared to 1723680000 on 7560954. Therefore, it implies a Short% of Shares Outstanding of 8551679 and a Short% of Float of 2.41.

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