S&P/ASX All Ords Index (ASX: XAO) shares are down 1.5% at 9,289.9 points on Tuesday.
The ASX All Ords hit an all-time high of 9,436.2 points on Friday, the final day of earnings season, and fell 0.13% yesterday.
Today, the market is substantially lower as investors continue to weigh how the US and Israel attack on Iran will affect world order.
Energy is the only sector in the green today as oil and gas prices continue to climb on expectations of disrupted global supply.
Meanwhile, three ASX All Ords shares have hit 52-week lows today.
Are they a buying opportunity, or is it best to steer clear?
Let's defer to the experts.
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4 ASX All Ords shares slumping to 52-week lows
HMC Capital Ltd (ASX: HMC)
This ASX All Ords financial share fell to a 52-week low of $2.54 on Tuesday.
That's a 72% deterioration over 12 months, but Morgans sees the upside.
The broker retained its buy rating on HMC Capital shares after reviewing the company's 1H FY26 report.
In a note, Morgans commented:
We still see value in HMC, with our market-to-market NTA at c.$2.30 per share, or c.$3.00 when we factor in our valuation for the listed co-investments (HDN, HCW, DGT), while the c.$60m of recurring funds management EBITDA adds additional value.
Morgans lowered its 12-month price target from $4.85 to $4.45.
Healius Ltd (ASX: HLS)
The Healius share price tumbled to a 52-week trough of 66 cents today.
This ASX All Ords healthcare share has halved in value over the past 12 months.
Morgans reiterated its hold rating after reviewing the pathology services provider's 1H FY26 report.
The broker commented:
While management maintained FY26 earnings in line with consensus and operational discipline is improving, sustainable earnings leverage remains an open question and dependent on execution.
The broker gives the ASX All Ords healthcare share a 12-month target of 80 cents.
DigiCo Infrastructure REIT (ASX: DGT)
This ASX All Ords real estate investment trust (REIT) fell to a 52-week low of $1.93 on Tuesday.
The data centre specialist has lost more than 55% of its value over the past year.
Morgans is optimistic, however, after going over the company's 1H FY26 results.
The broker commented:
DGT continues to trade at a c.50% discount to NAV of A$4.62/security, yet that NAV does not yet reflect the full value of the 88MW SYD1 expansion, which management estimates will deliver a further c.A$1.50/security of NAV uplift at a targeted 15% yield on cost.
Acknowledging the share price weakness, we continue to see the opportunity in DGT, retaining our Buy rating with a $4.15/sh price target.
Beacon Lighting Group Ltd (ASX: BLX)
This ASX All Ords consumer discretionary share reached a 52-week low of $2.02 today.
That's a 41% fall over 12 months.
However, Morgans upgraded Beacon Lighting from accumulate to buy on the back of its 1H FY26 report.
The broker commented:
BLX 1H26 result was weaker than expected, driven by softer sales in both retail and trade, which has tempered expectations of a meaningful recovery in the 2H.
Whilst earnings recovery is likely longer dated, we see long-term opportunity in trade, store network growth, and margin expansion as the cycle turns.
The broker lowered its share price target from $3.80 to $3.20.
