Let’s look at the key reasons that are pushing Dexcom Inc (DXCM) to new highs

On Friday, Dexcom Inc (NASDAQ: DXCM) opened lower -1.88% from the last session, before settling in for the closing price of $74.85. Price fluctuations for DXCM have ranged from $62.34 to $142.00 over the past 52 weeks.

During the last 5-year period, the sales growth of Healthcare Sector giant was 28.80%. Company’s average yearly earnings per share was noted 11.91% at the time writing. With a float of $385.37 million, this company’s outstanding shares have now reached $385.40 million.

Let’s determine the extent of company efficiency that accounts for 9600 employees. In terms of profitability, gross margin is 61.68%, operating margin of 15.88%, and the pretax margin is 18.81%.

Dexcom Inc (DXCM) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Dexcom Inc is 1.34%, while institutional ownership is 97.06%. The most recent insider transaction that took place on Sep 16 ’24, was worth 70,000. In this transaction Director of this company sold 1,000 shares at a rate of $70.00, taking the stock ownership to the 24,349 shares. Before that another transaction happened on Sep 16 ’24, when Company’s Director proposed sale 1,000 for $70.00, making the entire transaction worth $70,000.

Dexcom Inc (DXCM) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.5 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.43) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.4 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 11.91% per share during the next fiscal year.

Dexcom Inc (NASDAQ: DXCM) Trading Performance Indicators

Check out the current performance indicators for Dexcom Inc (DXCM). In the past quarter, the stock posted a quick ratio of 2.12. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.25. Likewise, its price to free cash flow for the trailing twelve months is 53.62.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.67, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.03 in one year’s time.

Technical Analysis of Dexcom Inc (DXCM)

Looking closely at Dexcom Inc (NASDAQ: DXCM), its last 5-days average volume was 6.96 million, which is a jump from its year-to-date volume of 3.9 million. As of the previous 9 days, the stock’s Stochastic %D was 82.70%. Additionally, its Average True Range was 2.20.

During the past 100 days, Dexcom Inc’s (DXCM) raw stochastic average was set at 19.09%, which indicates a significant decrease from 70.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.54% in the past 14 days, which was lower than the 90.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $70.21, while its 200-day Moving Average is $106.70. However, in the short run, Dexcom Inc’s stock first resistance to watch stands at $76.04. Second resistance stands at $78.64. The third major resistance level sits at $81.22. If the price goes on to break the first support level at $70.86, it is likely to go to the next support level at $68.28. Now, if the price goes above the second support level, the third support stands at $65.68.

Dexcom Inc (NASDAQ: DXCM) Key Stats

There are currently 397,684K shares outstanding in the company with a market cap of 28.69 billion. Presently, the company’s annual sales total 3,622 M according to its annual income of 541,500 K. Last quarter, the company’s sales amounted to 994,200 K and its income totaled 134,600 K.