Why Coronado Global, Kogan, Nanosonics, and Regis shares are falling today

These shares are ending the week in the red. What's going on?

| More on:
A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.

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

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a gain. At the time of writing, the benchmark index is up 0.3% to 8,402.5 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is down over 6% to 66.5 cents. This coal miner's shares have hit a 52-week low today after the market responded negatively to its quarterly update from earlier this week. While Macquarie acknowledges that the company's update fell short of expectations, it remains positive. As a result, it has retained its outperform rating and $1.00 price target Coronado Global's shares this morning. This implies potential upside of 50% for investors from current levels.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is down almost 13% to $5.23. This follows the release of a half year trading update from the online retailer this morning which revealed earnings that were well short of consensus estimates. Kogan reported a 10.3% increase in gross sales to $492.5 million and a 17.5% lift in adjusted EBITDA to $25.3 million. However, the latter was short of the consensus estimate for adjusted EBITDA of $28 million for the first half.

Nanosonics Ltd (ASX: NAN)

The Nanosonics share price is down 1.5% to $3.70. This appears to have been driven by a broker note out of Morgans this morning. According to the note, the broker has downgraded the infection control company's shares to a hold rating with a $3.75 price target. This follows the release of a solid half year trading update earlier this week from Nanosonics. However, with its shares rallying strongly in recent times, the broker has downgraded them on valuation grounds today.

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is down almost 6% to $3.02. Investors have been selling the gold miner's shares for a couple of reasons today. One is the broad weakness in the gold industry today which has seen most gold shares drop into the red. So much so, the S&P/ASX All Ords Gold index is down 1.3% on Friday. In addition, this morning Citi retained its neutral rating and $3.00 price target on the company's shares following the release of its quarterly update this week. This is now largely in line with where Regis Resources' shares are trading.

More on Share Fallers

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Beach Energy, Myer, Pexa, and Pinnacle shares are falling today

These shares are under pressure on Thursday. What's going?

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Block, Canyon, Fisher & Paykel Healthcare, and Mesoblast shares are falling today

These shares are having a tough time on hump day. What's going on?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Fisher & Paykel Healthcare, Magellan, Resolute Mining, and Westgold shares are sinking today

These shares are starting the week deep in the red. But why?

Read more »

plummeting gold share price
Gold

Guess which ASX 200 gold stock just plunged 12% on FY 2025 production woes

The ASX 200 gold stock is taking a sharp fall on Monday. Let’s find out why.

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

These were the worst performing ASX 200 shares in January 2025

These shares had a month to forget. Why were investors selling them? Let's find out.

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Magellan, Medadvisor, Origin Energy, and Pointsbet shares are tumbling today

These shares are ending the week in the red. But why?

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
Share Fallers

Why Appen, Credit Corp, Mineral Resources, and Zip shares are sinking today

These shares are missing out on the good times on Thursday and dropping into the red.

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Accent, Aroa, Playside, and Premier Investments shares are tumbling today

These shares are having a tough time on hump day. But why?

Read more »