5 ASX 200 stocks at 52-week lows

These shares are down in the dumps on Tuesday.

| More on:
A man holds his head in his hands, despairing at the bad result he's reading on his computer.

Image source: Getty Images

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

With the market a sea of red on Tuesday, it may not come as a surprise to learn that some out-of-favour ASX 200 shares have dropped to new 52-week lows.

For example, the five ASX 200 stocks listed below have all just made this unwanted milestone today:

Domino's Pizza Enterprises Ltd (ASX: DMP)

The Domino's share price has continued its slide and dropped to a 52-week low of $37.08. Investors have been selling off the pizza chain operator's shares this month following the release of an unconvincing strategy update.

For example, Goldman Sachs responded to the update by saying:

We do not believe the company dissected the core issues of the problem regions such as France and Japan sufficiently and hence there remains a lack of transparency and conviction on how they will fix these issues. We remain unconvinced post this Strategy Day that there is a path to clear recovery other than further discounting and pausing of store roll-out in Japan/France to restore profitability.

IDP Education Ltd (ASX: IEL)

Another ASX 200 stock that has hit a new 52-week low on Tuesday is language testing and student placement company IDP Education. Its shares

Short sellers will be celebrating this news. They have been targeting the company due to concerns over the loss of its language testing monopoly in Canada and regulatory changes to student visas in a number of markets.

Orora Ltd (ASX: ORA)

The Orora share price has fallen to a new 52-week low of $2.08 today. This packaging company's shares have been sold off this month after it downgraded its earnings guidance for FY 2024.

Orora now expects its earnings before interest and tax (EBIT) excluding Saverglass to be slightly lower versus FY 2023. Whereas previously it was guiding for EBIT to be higher year on year in FY 2024.

Making things worse has been news that the recently acquired Saverglass business has been underperforming. Management highlighted that a weaker February and March trading result has confirmed that there is no noticeable improvement in forward customer demand as destocking is continuing.

Telstra Group Ltd (ASX: TLS)

Another ASX 200 stock that has hit a new 52-week low on Tuesday is telco giant Telstra. Its shares dropped to $3.67 this morning, stretching their 12-month decline to over 14%.

Investors have been selling Telstra and fellow telco TPG Telecom Ltd (ASX: TPG) (which is also at a 52-week low) this year in response to higher bond yields.

As telco shares are often treated like bond proxies, they tend to underperform when rates are high. And with interest rate cuts seemingly off the menu for the rest of the year and bond yields widening, there's not a lot of love in the market for companies like Telstra.

Though, when interest rates are eventually cut, Telstra and TPG Telecom are likely to become more popular with investors.

Motley Fool contributor James Mickleboro has positions in Domino's Pizza Enterprises. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Domino's Pizza Enterprises, Goldman Sachs Group, and Idp Education. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Domino's Pizza Enterprises, Idp Education, and Orora. 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 Lows

A businesswoman gets angry, shaking her fist at her computer.
52-Week Lows

3 ASX shares at 52-week lows or worse

Times have been hard for owners of these shares.

Read more »

Blue chips with stock written on them.
52-Week Lows

These 3 ASX blue-chip shares just hit multi-year lows. Am I buying?

Here's what I'd do with these battered blue-chip shares...

Read more »

Worker at a gas and oil pipeline.
Energy Shares

Are Woodside shares dirt cheap at two-year lows?

This energy giant's shares just hit a two-year low.

Read more »

a sad looking engineer or miner wearing a high visibility jacket and a hard hat stands alone with his head bowed and hand to his forehead as he speaks on a mobile telephone out front of what appears to be an on site work shed.
Materials Shares

Core Lithium share price tumbles to multi-year low following quarterly update

This lithium miner has released its first update since suspending mining activities.

Read more »

Piggy bank sinking in water symbolising a record low share price.
52-Week Lows

9 ASX 200 shares tumbling to 52-week lows today

Israel's strike on Iran on Friday dragged several ASX 200 shares to new depths.

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
52-Week Lows

Are Telstra shares a no-brainer for income after hitting a fresh 52-week low?

Let's see what analysts think of the telco giant's shares at this level.

Read more »

A man holds his head in his hands, despairing at the bad result he's reading on his computer.
Industrials Shares

Why is this ASX 200 stock crashing 16% to a 52-week low on Tuesday?

This stock is having a very red start to the week.

Read more »

A man with his back to the camera holds his hands to his head as he looks to a jagged red line trending sharply downward representing the ASX tech share sell-off today
52-Week Lows

3 ASX shares sinking to 52-week lows today

These ASX shares are having a bit of a nightmare this year.

Read more »