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DexCom (DXCM) Stock Price, News & Analysis

$114.26
-2.94 (-2.51%)
(As of 12:57 PM ET)
Today's Range
$113.77
$116.33
50-Day Range
$115.23
$140.45
52-Week Range
$74.75
$142.00
Volume
732,983 shs
Average Volume
2.90 million shs
Market Capitalization
$45.44 billion
P/E Ratio
73.72
Dividend Yield
N/A
Price Target
$140.94

DexCom MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
23.3% Upside
$140.94 Price Target
Short Interest
Healthy
2.20% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.76
Upright™ Environmental Score
News Sentiment
0.84mentions of DexCom in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$8.38 M Sold Last Quarter
Proj. Earnings Growth
25.28%
From $1.78 to $2.23 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.81 out of 5 stars

Medical Sector

29th out of 913 stocks

Surgical & Medical Instruments Industry

6th out of 100 stocks

DXCM stock logo

About DexCom Stock (NASDAQ:DXCM)

DexCom, Inc., a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally. The company provides its systems for use by people with diabetes, as well as for use by healthcare providers. Its products include Dexcom G6 and Dexcom G7, integrated CGM systems for diabetes management; Dexcom Share, a remote monitoring system; Dexcom Real-Time API, which enables authorized third-party software developers to integrate real-time CGM data into their digital health apps and devices; and Dexcom ONE, that is designed to replace finger stick blood glucose testing for diabetes treatment decisions. It has also submitted FDA review for Dexcom Stelo for people with type 2 diabetes. The company has a collaboration and license agreement with Verily Life Sciences LLC and Verily Ireland Limited to develop blood-based or interstitial glucose monitoring products. It markets its products directly to endocrinologists, physicians, and diabetes educators. The company was incorporated in 1999 and is headquartered in San Diego, California.

DXCM Stock Price History

DXCM Stock News Headlines

DexCom, Inc. (NASDAQ:DXCM) EVP Sells $49,126.35 in Stock
Sadie Stern Sells 427 Shares of DexCom, Inc. (NASDAQ:DXCM) Stock
DexCom, Inc. (NASDAQ:DXCM) CFO Sells $85,712.25 in Stock
DexCom (NASDAQ:DXCM) Downgraded by StockNews.com to "Hold"
DexCom (NASDAQ:DXCM) Upgraded to "Buy" at StockNews.com
The 3 Best MedTech Stocks to Buy Now: May 2024
The 3 Best MedTech Stocks to Buy Now: May 2024
Dexcom Announces Upcoming Conference Presentation
DXCM May 2024 133.000 put
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Today
6/13/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
Health Care Equipment
Current Symbol
NASDAQ:DXCM
CUSIP
25213110
Employees
9,600
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$140.94
High Stock Price Target
$165.00
Low Stock Price Target
$100.00
Potential Upside/Downside
+20.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
15 Analysts

Profitability

Net Income
$541.50 million
Pretax Margin
20.48%

Debt

Sales & Book Value

Annual Sales
$3.62 billion
Cash Flow
$2.08 per share
Book Value
$5.35 per share

Miscellaneous

Free Float
396,491,000
Market Cap
$46.61 billion
Optionable
Optionable
Beta
1.22

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Should I Buy DexCom Stock? DXCM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in DexCom, Inc.:

  • DexCom's recent strong quarterly earnings report, beating analysts' estimates, indicates a positive financial performance.
  • The company's focus on continuous glucose monitoring (CGM) systems for diabetes management aligns with the growing demand for healthcare technology.
  • Positive analyst ratings and price target upgrades suggest confidence in DexCom's future growth potential.
  • Insider selling activities may not necessarily indicate negative sentiment, as executives may sell for various personal financial planning reasons.
  • Despite recent fluctuations, DexCom's stock price has shown resilience and maintained an upward trend, reflecting investor confidence.

Cons

Investors should be bearish about investing in DexCom, Inc. for these reasons:

  • High price-to-earnings ratio and price-to-earnings-growth ratio may indicate an overvalued stock, potentially leading to limited upside for investors.
  • Market volatility and competition in the healthcare technology sector could pose challenges to DexCom's market share and profitability.
  • Executive insider selling activities, although common, could raise concerns about the company's future performance or growth prospects.
  • Dependency on regulatory approvals and healthcare industry regulations may impact DexCom's product development timelines and market access.
  • Investors should carefully consider the company's debt-to-equity ratio and financial leverage when evaluating investment risks.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, May 31, 2024. Please send any questions or comments about these DexCom pros and cons to contact@marketbeat.com.

DXCM Stock Analysis - Frequently Asked Questions

Should I buy or sell DexCom stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DexCom in the last year. There are currently 3 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DXCM shares.
View DXCM analyst ratings
or view top-rated stocks.

What is DexCom's stock price target for 2024?

15 Wall Street analysts have issued twelve-month target prices for DexCom's shares. Their DXCM share price targets range from $100.00 to $165.00. On average, they predict the company's stock price to reach $140.94 in the next twelve months. This suggests a possible upside of 23.3% from the stock's current price.
View analysts price targets for DXCM
or view top-rated stocks among Wall Street analysts.

How have DXCM shares performed in 2024?

DexCom's stock was trading at $124.09 at the beginning of the year. Since then, DXCM stock has decreased by 7.9% and is now trading at $114.26.
View the best growth stocks for 2024 here
.

Are investors shorting DexCom?

DexCom saw a increase in short interest in May. As of May 31st, there was short interest totaling 8,740,000 shares, an increase of 12.3% from the May 15th total of 7,780,000 shares. Based on an average daily trading volume, of 2,690,000 shares, the days-to-cover ratio is presently 3.2 days.
View DexCom's Short Interest
.

When is DexCom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our DXCM earnings forecast
.

How were DexCom's earnings last quarter?

DexCom, Inc. (NASDAQ:DXCM) posted its quarterly earnings results on Thursday, April, 25th. The medical device company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.05. The medical device company earned $921 million during the quarter, compared to analyst estimates of $911.20 million. DexCom had a net margin of 16.82% and a trailing twelve-month return on equity of 31.01%.
Read the conference call transcript
.

When did DexCom's stock split?

DexCom's stock split on the morning of Friday, June 10th 2022. The 4-1 split was announced on Friday, March 25th 2022. The newly minted shares were distributed to shareholders after the closing bell on Thursday, June 9th 2022. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

What guidance has DexCom issued on next quarter's earnings?

DexCom updated its FY 2024 earnings guidance on Thursday, April, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $4.2 billion-$4.4 billion, compared to the consensus revenue estimate of $4.3 billion.

What is Kevin Sayer's approval rating as DexCom's CEO?

347 employees have rated DexCom Chief Executive Officer Kevin Sayer on Glassdoor.com. Kevin Sayer has an approval rating of 88% among the company's employees.

What other stocks do shareholders of DexCom own?

Based on aggregate information from My MarketBeat watchlists, some companies that other DexCom investors own include NVIDIA (NVDA), PayPal (PYPL), Alibaba Group (BABA), Netflix (NFLX), Tesla (TSLA), Salesforce (CRM), ServiceNow (NOW), Walt Disney (DIS), Trade Desk (TTD) and Shopify (SHOP).

Who are DexCom's major shareholders?

DexCom's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.22%), Baillie Gifford & Co. (3.94%), Capital Research Global Investors (3.38%), Capital World Investors (2.03%), Blair William & Co. IL (1.14%) and Price T Rowe Associates Inc. MD (0.74%). Insiders that own company stock include Andrew K Balo, Barbara Kahn, Barry J Regan, Bridgette P Heller, Chad Patterson, Jacob Steven Leach, Jay S Skyler, Jereme M Sylvain, Jereme M Sylvain, Kevin R Sayer, Mark G Foletta, Matthew Vincent Dolan, Michael Jon Brown, Nicholas Augustinos, Patrick Michael Murphy, Paul R Flynn, Richard Alexander Collins, Sadie Stern, Shelly Ramasamy Selvaraj, Steven R Altman, Steven Robert Pacelli and Sumi Shrishrimal.
View institutional ownership trends
.

How do I buy shares of DexCom?

Shares of DXCM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does DexCom have any subsidiaries?
The following companies are subsidiares of DexCom: DexCapital LLC, DexCom (Canada) Inc., DexCom (UK) Distribution Ltd., DexCom (UK) Intermediate Holdings Ltd., DexCom (UK) Ltd., DexCom Asia Pacific Operations PTE Ltd., DexCom Canada Co, DexCom Deutschland GmbH, DexCom International Ltd., DexCom Kommanditbolag, DexCom Operating Ltd., DexCom Philippines Inc, DexCom Suisse GmbH, Nintamed Handels GmbH, SweetSpot Diabetes Care Inc, The Glucose Program LLC, and TypeZero Technologies Inc.
Read More
This page (NASDAQ:DXCM) was last updated on 6/13/2024 by MarketBeat.com Staff

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