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 exhales a deep sigh after receiving bad news, and gets on with it.
52-Week Lows

Guess which ASX 200 stock is sinking to a new 52-week low today following an update

This stock is having a poor finish to the week. But why are investors hitting the sell button?

Read more »

A woman sits with her hands covering her eyes while lifting her spectacles sitting at a computer on a desk in an office setting.
52-Week Lows

Market slump drags 26 ASX 200 shares to multi-year lows

Heavyweight ASX 200 companies like CSL and Wisetech are among them.

Read more »

a man holds his arms out and shrugs his shoulders as if indicating he doesn't know the answer to a question he's been asked.
Materials Shares

Why is this ASX 200 mining stock crashing 28% today?

Investors are rushing to the exits in large number. But why?

Read more »

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

16 ASX 200 shares that hit multi-year lows on Friday

Markets are nervous as US President Donald Trump winds back tariffs on some Canadian and Mexican imports.

Read more »

Investor looking at falling ASX share price on computer screen
Earnings Results

2 ASX All Ords shares crashing 16%+ on earnings updates

It's a red day for the market on Friday.

Read more »

Woman disappointed at share price performance with her hands on her face.
52-Week Lows

The Sayona Mining share price just hit a 4-year low

Things have gone form bad to worse for this lithium stock.

Read more »

Three people skydiving.
52-Week Lows

These ASX tech stocks just hit multi-year lows! Are they cheap?

A cheap share isn't always a bargain...

Read more »

Dollar sign in yellow with a red falling arrow in front of a graph, symbolising a falling share price.
Materials Shares

Ouch: The Pilbara Minerals share price just hit a multi-year low

It's been a tough day for lithium investors.

Read more »