Which of these shares hitting 52-week lows can bounce back?

Whilst many ASX shares enjoyed a stellar day yesterday in a rebounding market, there were also plenty hitting fresh 52-week lows. 

Three such companies hitting new yearly lows were: 

• Black Pearl Group Ltd (ASX: BPG) fell 9%
• Tamawood (ASX: TWD) fell 5% 
• GrainCorp (ASX: GNC) fell 0.4%

While holders of these shares will undoubtedly be worried about further drops, there is some upside potential according to experts. 

Here’s the latest guidance on these ASX shares hitting 52-week lows. 

Black Pearl Group

Black Pearl Group is a newly listed ASX small-cap stock. 

It is a data technology platform that develops and operates a lead prospecting and marketing product suite via its proprietary Pearl Engine platform and augmented large language model developed by BPG in 2022. 

The company transforms anonymous, unstructured web visits and data layers into identifiable prospects to significantly increase efficacy for SME ad/marketing spend by targeting prospects with a high intent to buy.

Since its initial listing, it has experienced some volatility and now sits at an all-time low of 50 cents per share. 

The combination of its small market cap and short life on the ASX can make it difficult to pinpoint fair value for prospective investors. 

However the team at Bell Potter are optimistic there are brighter days ahead. 

The broker has a speculative buy recommendation, and price target of $1.76. 

This implies a 250% upside from yesterday’s closing price. 

GrainCorp

GrainCorp is an agribusiness and processing company with a history spanning more than 100 years. The company operates the largest grain storage and logistics network in eastern Australia.

Its share price has fallen 34% in 2026 and hit fresh 52-week lows yesterday. 

Much of this decline came after its half-year results released earlier this month. 

GrainCorp reported underlying EBITDA of $136 million for the six months to 31 March 2026, down 33% from $202 million in the prior corresponding period.

Underlying net profit after tax fell 52% to $33 million. 

After such a sell-off in such a short period, investors may now be circling for a value play. 

However the team at Morgans is not certain of a rebound any time soon. 

The broker has a hold rating with a $5.62 price target.

GrainCorp shares closed yesterday at $4.71 per share. 

Tamawood

Tamawood engages in the design and construction of residential buildings. It deals with contract home construction, home design, and other associated activities in Australia.

It has fallen significantly over the last two weeks since the company announced its updated dividend of 11 cents per share. 

Since then, it has fallen over 15%, which included 5% yesterday. 

This stock could be in danger of falling further, as shrinking profit margins, a potentially unsustainably high dividend payout, and weak sentiment toward Australia’s housing and construction sector are all headwinds for the company right now. 

The post Which of these shares hitting 52-week lows can bounce back? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.