The stock falls hard after a short-seller takes aim at the company. Shares of DexCom ( DXCM ), a diabetes company focused on continuous glucose monitoring, fell as much as 10% in afternoon trading on Friday. The stock was down about 8% as of 3:14 p.m. EDT.
Will Dexcom’s stock rebound?
Apr 30, 2021 · Why DexCom Stock Is Dropping Today. MotleyFool . Apr. 30, 2021, 12:06 PM. Shares of medical devices company DexCom (NASDAQ: DXCM) are dropping sharply on Friday after the company announced its ...
Is DXCM stock poised to drop further?
Nov 02, 2021 · The stock price of Dexcom (NASDAQ: DXCM), best known for its continuous glucose monitoring systems, has seen an 11% drop over the last five trading days, and we believe the stock is likely to ...
What is Dexcom’s G7?
The stock falls hard after a short-seller takes aim at the company. What happened Shares of DexCom ( DXCM -2.67% ), a diabetes company focused on …
Is DexCom a good stock to buy?
DexCom has received a consensus rating of Buy.
Is DexCom stock overpriced?
DexCom is trading at a premium to its fair price. Given the financial targets the management has set for the company up to 2025, the company's current stock price looks too high.
Will DexCom stock go up?
Stock Price Forecast The 18 analysts offering 12-month price forecasts for Dexcom Inc have a median target of 570.00, with a high estimate of 725.00 and a low estimate of 514.00. The median estimate represents a +29.33% increase from the last price of 440.75.
Is DexCom a buy Zacks?
The company not only has a favorable Growth Score, but also carries a top Zacks Rank. Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).6 days ago
How do I invest in DexCom?
Invest in DexCom Inc on Stash Stash allows you to purchase smaller pieces of investments, called fractional shares, rather than having to pay the full price for a whole share. , you can buy DexCom Inc stock in any dollar amount, or any other fund or stock you know on Stash.
Who makes dexcom stock?
Top 10 Owners of Dexcom IncStockholderStakeShares bought / soldThe Vanguard Group, Inc.10.28%+72,167BlackRock Fund Advisors5.75%+282,640Baillie Gifford & Co.4.63%-840,632Fidelity Management & Research Co...4.40%-11,0256 more rows
What is the current stock price of dexcom?
(DXCM) Stock Price, News, Quote & History - Yahoo Finance....Performance Outlook.Previous Close496.39Bid472.30 x 900Ask473.43 x 800Day's Range470.21 - 503.7852 Week Range318.45 - 659.453 more rows
How much is dexcom g6 stock?
$492.11$ 492.11CloseChgChg %$492.11-6.69-1.34%
What happened
Shares of DexCom (NASDAQ: DXCM), a medical device company focused on blood glucose sensing, fell as much as 12% in early morning trading on Thursday. Investors are reacting harshly to the news that Abbott Laboratories ' (NYSE: ABT) FreeStyle Libre System has gained coverage by Medicare and Medicaid.
So what
Dexcom's stock has been under a lot of selling pressure ever since Abbott won FDA approval for the FreeStyle Libre System in late 2017. The reason is that the Libre system does not need to be calibrated and is significantly cheaper than Dexcom's system. Those benefits have investors fearing that Dexcom's days of hyper growth are over.
Now what
Does this news mean that DexCom's investors should be running for the hills? I don't think so for a few reasons:
Is Dexcom Libre cheaper than Abbott?
The reason is that the Libre system does not need to be calibrated and is significantly cheaper than Dexcom's system.
Does Abbott Libre work with Dexcom?
Abbott's Libre system requires action on the user's part to get a reading. Dexcom's sensors, on the other hand, communicate directly with a smartphone or Apple watch. This makes the device far more user-friendly.
Does DexCom have Medicare?
DexCom only recently gained Medicare coverage , so this hasn't been a driving force behind the company's growth up to this point. DexCom has several exciting products in development that should enhance its competitive position once launched.
Is DexCom a competitor for Freestyle Libre?
DexCom has been successfully competing against the FreeStyle Libre system in Europe for years. Worldwide usage of continuous glucose monitoring devices, in general, still remains quite low. That provides both companies with plenty of room for expansion.