DexCom Inc. (DXCM) Performance and Fundamentals Dashboard tells a completely different story

DexCom Inc. (NASDAQ: DXCM) stock fell -1.09% on Monday to $95.29 against a previous-day closing price of $96.35. With 3.17 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.54 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $96.64 whereas the lowest price it dropped to was $94.86. The 52-week range on DXCM shows that it touched its highest point at $139.55 and its lowest point at $78.94 during that stretch. It currently has a 1-year price target of $146.28. Beta for the stock currently stands at 1.12.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DXCM was down-trending over the past week, with a drop of -11.18%, but this was down by -11.61% over a month. Three-month performance dropped to -26.75% while six-month performance fell -16.36%. The stock gained 4.74% in the past year, while it has lost -15.85% so far this year. A look at the trailing 12-month EPS for DXCM yields 0.84 with Next year EPS estimates of 1.61. For the next quarter, that number is 0.34. This implies an EPS growth rate of 57.80% for this year and 30.10% for next year. EPS is expected to grow by 36.65% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 37.80%.

Float and Shares Shorts:

At present, 386.70 million DXCM shares are outstanding with a float of 386.30 million shares on hand for trading. On Aug 30, 2023, short shares totaled 16.92 million, which was 4.36% higher than short shares on Jul 30, 2023. In addition to Mr. Kevin Ronald Sayer as the firm’s Exec. Chairman, CEO & Pres, Mr. Jereme M. Sylvain serves as its Exec. VP, CFO & Chief Accounting Officer.

Institutional Ownership:

Through their ownership of 100.65% of DXCM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.84% of DXCM, in contrast to 36.56% held by mutual funds. Shares owned by individuals account for 3.38%. As the largest shareholder in DXCM with 11.00% of the stake, The Vanguard Group, Inc. holds 42,669,683 shares worth 42,669,683. A second-largest stockholder of DXCM, BlackRock Fund Advisors, holds 21,534,123 shares, controlling over 5.55% of the firm’s shares. Baillie Gifford & Co. is the third largest shareholder in DXCM, holding 16,723,298 shares or 4.31% stake. With a 3.12% stake in DXCM, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 12,081,183 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.41% of DXCM stock, is the second-largest Mutual Fund holder. It holds 9,336,263 shares valued at 942.78 million. Vanguard Mid Cap Index Fund holds 2.32% of the stake in DXCM, owning 8,982,584 shares worth 907.06 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, DXCM reported revenue of $696.20M and operating income of $77.00M. The EBITDA in the recently reported quarter was $123.60M and diluted EPS was $0.12.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DXCM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DXCM analysts setting a high price target of $160.00 and a low target of $130.00, the average target price over the next 12 months is $146.93. Based on these targets, DXCM could surge 67.91% to reach the target high and rise by 36.43% to reach the target low. Reaching the average price target will result in a growth of 54.19% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded DXCM stock several times over the past three months with 1 Buys and 10 Sells. In these transactions, 1,544 shares were bought while 12,483 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 88 over the past year. The total number of shares bought during that period was 474,088 while 410,944 shares were sold.

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