Why Is No One Talking About DexCom Stock?
Glucose monitor maker DexCom (NASDAQ: DXCM) has had a rough month. After a Wall Street analyst downgraded the stock Oct. 2 and sharply trimmed its price target, the price fell over the next 30 days, with the majority of the downward movement taking place in the last week of October. For a company that hit its all-time high in early July, this contraction might only be the start of a larger price correction, but few seem to be taking notice.
While it's true that the market has been highly volatile recently, DexCom's stock is an unlikely candidate for a quiet collapse. The company's latest earnings report was overwhelmingly favorable. Its recent history is one of gaining traction, rising revenue, and successful iteration on its primary product. And it routinely beats the consensus earnings estimates produced by Wall Street analysts. So if its price continues to drop, it could be a good choice for your portfolio. Let's examine the company's trajectory to understand why.
Image source: Getty Images.
Source Fool.com
