Summary: Dexcom is a leading medical technology company providing continuous glucose monitoring (CGM) systems around the globe. This guide will provide details on how to buy DexCom stock using a regulated online brokerage like eToro.
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About DexCom
Based in San Diego, California, with manufacturing facilities in Mesa, Arizona, and Batu Kawan, Malaysia, DexCom focuses on innovative technology to help patients manage diabetes and improve their quality of life. Established in 1999, it employs over 9,000 people across the globe today.
The company’s trademark CGM devices provide real-time glucose data to assist individuals in monitoring their blood sugar levels. The innovative technology allows for better diabetes management, increasing patient outcomes and quality of life. Additionally, the company has shown dedication to social awareness issues and environmental sustainability.
DexCom is a component of the NASDAQ-100 and S&P 500 indices. It trades on the Nasdaq stock market under the symbol DXCM.
For more investing opportunities in the medical device industry, consider the following articles:
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How to buy DexCom stock: Step-by-step
Using a regulated brokerage service, you can purchase shares in DexCom in a couple of steps within minutes. Do the following to invest in this medical device company:
Step 1: Choose a broker
You should gain entry into the stock market using a third-party investing service to buy DexCom stock. The most straightforward option is a regulated online brokerage.
To securely buy DexCom stock, we recommend you consider eToro:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Open and fund your account
Once you make your selection of the platform, proceed to create and verify your new account. The brokerage will email you the right instructions within minutes.
When you conclude the verification process, you should deposit some funds into your account to prepare to buy DexCom stock. Traditionally available funding methods include bank transfers, debit or credit cards, and transaction services like PayPal.
Step 3: Decide how much you want to spend on buying DexCom stock
Designating your budget limits before buying shares in DexCom is needed for a successful investment outcome. Overextending can cause severe financial troubles and lead to spiraling debt. To secure a stable and safe investment, make sure you have done the following:
- Paid off all high-interest debt, such as credit cards and personal loans;
- Created an emergency fund that covers at least three months of daily life expenses.
Remember
Step 4: Place your order and buy DexCom stock
Next comes placing an order and purchasing shares in DexCom. Go through the following steps:
- Step 1: Log into your account and find DexCom’s ticker symbol (DXCM);
- Step 2: Type in the cash amount or the number of shares in DexCom you want to buy;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Confirm the trade order.
Step 5: Monitor and manage your investment
Traders investing in individual stocks should regularly manage and monitor their portfolios. For a better likelihood of success, you should also closely observe the ongoing market trends and frequently update your information on DexCom and the overall state of the medical technology industry.
Note
DexCom stock price today
Pros and cons of buying DexCom stock
Pros
- Expanding market: DexCom operates in the rapidly rising market of diabetes management, providing continuous glucose monitoring solutions to a growing number of patients;
- Increasing demand: Growing awareness and the global prevalence of diabetes contribute to rising demand for Dexcom CGM products;
- Innovation: DexCom is recognized for its cutting-edge CGM technology, giving it a competitive edge in the industry;
- Strong fiscal status: DexCom has recently shown robust financials, consistent revenue growth, and improved profitability, which is a green flag for many investors.
Cons
- Market risks: The medical technology sector is subject to regulatory shifts, and these changes could influence DexCom’s performance in healthcare policies and regulations;
- Healthcare dependency: Government subsidies and healthcare system policies can affect the adoption and sales of DexCom’s CGM products;
- Competition: Dexcom faces competition from other CGM and medical device providers, and technological advancements by competitors could impact market share;
- Volatility: Similar to many other growth stocks, Dexcom’s share price may experience volatility, posing risks to short-term investors.
For more investment opportunities in the medical industry, check out the following guides:
- Top 3 Alzheimer Drug Stocks to Buy;
- 3 Best Cancer Drug Stocks to Buy;
- Top 3 Obesity Drug Stocks to Buy;
- Top 3 Biotech Penny Stocks to Buy;
- Top 5 Psychedelic Stocks to Buy;
- How to Buy Psychedelic Stocks;
- How to Buy Cannabis stocks;
- 5 Big Pharma Stocks to Buy.
You may also want to explore some prominent brands in the medical sector with a solid position in the medical device market, including:
- Abbot Laboratories (ABT);
- Thermo Fisher Scientific (TMO);
- Danaher Corporation (DHR);
- Johnson and Johnson (JNJ).
Common mistakes to avoid when buying DexCom stock
Make sure to avoid these common investing mistakes:
- Lack of research: Research DexCom and its stock in detail, along with the market state of the CGM and medical devices industry, before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals;
- Fear of missing out: If the numbers do not add up, do not invest: it is better to miss out than lose money.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy DexCom stock
Did DexCom stock split?
DexCom’s last stock split was in June 2022.
What's DexCom's stock symbol?
DexCom trades on the Nasdaq under the ticker symbol DXCM.
How do I buy DexCom stock?
You can buy shares in DexCom on the stock exchange using an online brokerage like eToro.
Where can I buy DexCom stock online?
Investors can buy DexCom stock online from the stock market that lists it. You will have to use a third-party brokerage platform like eToro.
Does DexCom stock pay dividends?
DexCom stock does not pay dividends as of January 2024.
Is DexCom a buy or a sell?
The answer relies on several factors, mainly the state of the medical device and CGM markets and the company’s financial status. Make sure to do your own research to maximize the success chance of your investment.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
