These 3 ASX 200 shares have dropped 50% or more in 2021 so far

The ASX 200 might be up year to date but these companies are heading in the wrong direction.
The post These 3 ASX 200 shares have dropped 50% or more in 2021 so far appeared first on The Motley Fool Australia. –

It’s been a rather successful year for the S&P/ASX 200 Index (ASX: XJO) so far (touch wood). The ASX 200 has now gained 9.5% year to date and has made a series of fresh new all-time highs, the latest of which was just yesterday. However, not all ASX 200 shares have joined the party. Here’s a look at three of these shares, which are currently down 50% or more in 2021 so far:

A2 Milk Company Ltd (ASX: A2M)

It didn’t take too long for A2 Milk to go from hero to, well, not quite zero, but a definite loser for many ASX 200 investors. In August last year, A2 Milk was at a fresh all-time high of $20.05 per share, having climbed more than 900% over the preceding 4 years. But today, this company is sitting at $5.72, down 71% from those highs. That includes a 50.04% drop in 2021 alone.

The COVID-19 pandemic, a halt in the daigou trade, deteriorating diplomatic relations between China and Australia, and inventory issues have all contributed to a series of earnings guidance downgrades at the company over the past few months. And the results have not been pretty for A2 shareholders. On the bright side, A2 shares are now up by around 11% since mid-May, so perhaps things have turned a corner. We’ll have to wait and see.

Nuix Ltd (ASX: NXL)

Another disappointing ASX 200 share in 2021 so far has been the new kid on the ASX block, Nuix. Nuix made its ASX debut back in December last year. Initially, it was quite a successful initial public offering (IPO), with Nuix shares running up by around 40% during the following 6 weeks to a 52-week high of $11.86, but things were all downhill from there.

At the time of writing, Nuix shares are sitting at $2.69, down by around 67% year to date, and around 80% from February’s highs. The company’s share price also lost 30% in May alone. A series of media reports alleging poor governance and financial disclosure issues appears to be the primary catalyst here. A recent earnings guidance downgrade also didn’t help.

Perenti Global Ltd (ASX: PRN)

Mining services company Perenti is another ASX 200 share that hasn’t had a great start to the year. Perenti shares were trading at $1.41 apiece at the dawn of 2021 but, today, they are going for just 68 cents. That’s a drop of a bit over 50%.

Perenti is another company that has been forced to downgrade its earnings in recent months, much to the chagrin of investors. The company has been hit hard by the pandemic, as well as both a rising Australian dollar and an increased wage bill.

The post These 3 ASX 200 shares have dropped 50% or more in 2021 so far appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!