3 ASX shares at 52-week highs: Is it too late to invest?

The Technology One Limited (ASX:TNE) share price is one of three racing to a 52-week high on Tuesday. Is it too late to invest?

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The market has returned to form again on Tuesday and pushed notably higher.

While a good portion of shares have made solid gains today, the three below have stood out as they have reached 52-week highs.

Is it too late to invest in these high-flying shares?

The BWP Trust (ASX: BWP) share price climbed to a 52-week high of $3.63 on Tuesday. BWP Trust is a commercial real estate manager which has a portfolio of properties tenanted predominantly by Wesfarmers Ltd (ASX: WES) subsidiary Bunnings Warehouse. I suspect investors have been snapping up the trust's shares due to the defensive qualities that the business has by having such a blue chip and growing tenant. While I do think that its shares are looking fully valued now, if the market volatility persists then they could still be a good investment option.

The Paradigm Biopharmaceuticals Ltd (ASX: PAR) share price rocketed to a 52-week high of $1.29 on Tuesday. This brought the year to date gain for the biopharmaceutical company's shares to a whopping 360%. Investors appear to believe that the company's repurposing of pentosan polysulfate sodium (PPS) could be a big success. PPS is an FDA-approved drug that has a long track record of safely treating inflammation. Paradigm is repurposing PPS for a number of applications with a focus on treatment of orthopaedic and viral arthritic indications. One of these is osteoarthritis which has 31 million sufferers in the United States. I think it is one to watch.

The Technology One Limited (ASX: TNE) share price closed the day at a 52-week high of $5.99 on Tuesday. The software company's shares have stormed higher since the release of its full year results last week. Technology One posted a 9% increase in revenue to $299 million and a 15% lift in profit before tax to $66.5 million. Investors also appear to have been pleased to see the company forecasting strong profit growth in FY 2019. This is expected to be underpinned by further growth in its software-as-a-service business. While Technology One is a quality company, I think its shares are expensive and investors could find better value elsewhere in the sector.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on 52-Week Highs

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
52-Week Highs

13 ASX 200 shares at 52-week highs

These shares are making their shareholders smile on Thursday.

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
52-Week Highs

These 5 ASX 200 shares just hit new 52-week highs

Do you own any of these five lucky stocks?

Read more »

ETF on white blocks with a rising arrow on top of coin piles.
52-Week Highs

12 ASX ETFs breaking the mould to hit 52-week highs today

What a day for ASX ETF investors!

Read more »

A happy boy with his dad dabs like a hero while his father checks his phone.
52-Week Highs

Why is the A2 Milk share price up 46% year to date and at a 52-week high?

This infant formula company's shares have delivered the goods this year.

Read more »

Man sitting in a plane looking through a window and working on a laptop.
Travel Shares

Why is the Webjet share price racing to a 52-week high today?

Webjet has been busy talking up its WebBeds business this morning.

Read more »

Man pointing at a blue rising share price graph.
Financial Shares

Big ASX news: Macquarie share price hits new 52-week high

It's been a great day to own Macquarie shares...

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
52-Week Highs

Metcash share price hits 52-week high on broker upgrade: Time to buy?

Brokers have responded positively to its trading update.

Read more »

a woman sits amid a stylish home setting on a sofa with plush cushions with a coffee table and plant in the foreground while she peruses a tablet device.
52-Week Highs

52-week high! ASX All Ords stock surges 5% as chair steps down

Investors are shopping for Adairs shares after an announced leadership change.

Read more »