Puzzling Price Reaction : DexCom, Inc. (DXCM), RingCentral, Inc. (RNG)

The stocks of DexCom, Inc. (NASDAQ:DXCM) has been Upgraded as a Buy from Neutral by Guggenheim in its latest research note that was published on November 07. The stock also received a Buy rating from Canaccord Genuity with the price target of $185 to $195. This was contained in a research note published by the firm on November 07. The stock received a Buy rating in Stifel’s research note that was published on October 23.

DexCom,’s stock is covered by 19 analysts, with 13 of them rating the stock as Buy. It has been deemed to have strong buy by 2 of the analysts, 3 of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 11 analysts. 2 of them rated it as strong buy with 4 of them recommended investors to Hold on to the stock. Meanwhile, 1 analyst(s) rated it as a sell. The above data shows that DXCM has an average analyst rating of Overweight.

DexCom, Inc., which has current market capitalization of above $18 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $336 Million in revenue, which saw a quarterly growth rate of 38.72 percent. During that quarter of the year, DexCom, also recorded $0.65 earnings per share (EPS) which is $0.47 above the $0.18 estimated by the analysts, leading to a surprise factor of 261.11%.

DXCM surged by $47.54 during the normal trading session on Thursday and reaching a high of $200.66 during the day while it closed the day at $194.70. The DexCom, stock had a low trading volume of 7.20 million shares on that day, which is low compared to the average daily volume of 777.32M shares. DXCM has also gained 26.23% of its value over the past 7 days. However, the stock has surged by 25.26% in the 3 months of the year. Over the past six months meanwhile, it has gained 63.90% while it has added 62.52% year-on date.

Shares in RingCentral, Inc. (NYSE:RNG) fell by -0.69 percent on Thursday. The company’s stock began trading at $165.87 below the previous closing price of $167.03, and finished the day at $169.39. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -4.83% from its 3 months high price. However, taking another look at RNG will indicate that it is trading +41.12% away from its 90-day low. Looking at the bigger picture, the RingCentral, Inc. stock has dropped by -4.83% from its 52-week high while it has surged by +162.99% from its 52-week low price.

On October 23, 2019 Agarwal Vaibhav, Chief Accounting Officer sold 545 shares of the company. The average price for that transaction was $151.7 per share, which meant that Agarwal Vaibhav earned $82,676.50 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with CEO & Chairman, 10% Owner, Shmunis Vladimir selling 87,500 shares of this stock on October 16, 2019. The average selling price for the stock was $173.40 per share, with the sold stock accruing $15,172,500.00. Following this transaction, the insider now holds 228,333 shares of the company, which is worth around $34,962,349.00.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that RNG stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that RingCentral, has a 20-day average volume of 1291170 shares. This has led to the RNG price forecast being placed as a 100%Buy on an average basis. In the medium term, however, the RNG stock has its 50-Day average volume of 1307716 shares, with the indicators also rating it as a 100%Buy. Finally, in the long-term, the RNG stocks have a 100-Day average volume of 1027556 shares, with the long-term indicators rating the stock as just 100%Buy. Looking at the three indicators, the RNG stock has been set on a 1 Buy rating.

RingCentral, has around 568 Million cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $246 Million. The RingCentral, stock is bringing in revenue of over 12 months, which is roughly 779 Million. Despite all that, RingCentral, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 40.89%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 85.16%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 70.91%. Over the past 20 days, RingCentral,’s Stochastic %K stood at 59.87% while its Stochastic %D was revealed to be 49.12%.