What to make of these volatile ASX shares

What to make of these heavy swings?

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Last week was a rollercoaster for the S&P/ASX 200 Index (ASX: XJO).

Australia's benchmark index swung heavily throughout the week, ultimately finishing 2.95% lower on Friday's close than Monday's open. 

Three ASX shares in particular that bounced around were: 

When stocks crash and recover on a daily basis, it can be difficult for investors to pinpoint true value. 

Here's what experts are saying about these ASX shares. 

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Image source: Getty Images

Light & Wonder

Light & Wonder shares crashed more than 7% at the start of last week. They then recovered by Thursday, before falling again on Friday. 

All in all, they finished the week down 1.35%. 

It's been a rough start to the year for the game developer, down 28% since the middle of January. 

Holders of this ASX 200 stock will be pleased to know that analysts have a positive outlook, meaning there is the possibility of a larger recovery. 

Last week, Morgans had a buy rating and $195 price target on the company. 

Unlike other sectors, the broker thinks AI disruption will strengthen its competitive edge. 

From Friday's closing price of $129.97, the Morgans price target indicates an upside of 50%. 

Elsewhere, Bell Potter is tipping even more upside for the ASX 200 stock. 

The broker has a $220 price target on Light and Wonder shares. 

Domino's Pizza Enterprises

It was also a turbulent week for Domino's shares. 

The ASX 200 stock initially dropped 12% before recovering significantly. 

It finished the week 3.74% lower than Monday's open. 

This is a snapshot of what Domino's shareholders have endured over the last year. 

The share price is ultimately down 29% for the last 12 months. 

Outlook is mixed amongst experts moving forward. 

Morgans currently has a buy rating and $25 price target on Domino's shares. 

Meanwhile, Morgan Stanley has a sell rating on Domino's Pizza shares with a target of just $15.20.

The ASX 200 company closed last week in between these targets at $19.07. 

4DMedical

This ASX stock was another up-and-down company last week. 

It endured heavy rises and falls but finished the week more than 13% above Monday's open. 

The medical technology company is up an astounding 1000% in the last year. 

Following such a run, there are now questions on valuation vs revenue. 

Meanwhile, Bell Potter is optimistic that the growth can continue. 

The broker set a $4.50 price target and issued a buy recommendation.  

That indicates an upside of roughly 4% from last week's close. 

Motley Fool contributor Aaron Bell 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 and Light & Wonder Inc. The Motley Fool Australia has recommended Domino's Pizza Enterprises and Light & Wonder Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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