With the stock market near record highs, investors may struggle to find attractive bargains. Companies trading near their 52-week lows could be a place to look for value. To be fair, these companies may be facing fundamental business challenges, which may explain why their stocks have underperformed. Investors will want to thoroughly research and understand the company’s operations and prospects before purchasing shares.
Here are 10 S&P 500 companies trading near their 52-week lows on March 1, 2024.
10 stocks near their 52-week lows
*Data as of March 1, 2024
Source: Schwab & Yahoo Finance
1. Biogenic (BIIB)
Biogen is a biopharmaceutical company developing therapies for people with complex diseases. The company has a portfolio of drugs for the treatment of MS and spinal muscular atrophy, and has co-developed treatments to address a key pathology of Alzheimer’s disease. Biogen also developed the first approved treatment that targets a genetic cause of ALS.
- Stock price: $219.21
- Lowest point in 52 weeks: $215.35
- Price-earnings ratio: 27.5x
- Dividend yield: n/a
2. Gilead Sciences (GILD)
Gilead Sciences is a biopharmaceutical company focused on developing medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, Covid-19 and cancer. The company generated revenue of $27.1 billion in 2023.
- Stock price: $72.39
- Lowest point in 52 weeks: $71.37
- Price-earnings ratio: 16.1x
- Dividend yield: 4.3 percent
3.APA Corp. (APA)
APA is an oil and gas producer with operations in the US, Egypt and off the coast of Great Britain in the North Sea. APA generated approximately $8.3 billion in revenues and $3.1 billion in cash flow from operations in 2023.
- Stock price: $30.61
- Lowest point in 52 weeks: $29.47
- Price-earnings ratio: 3.3x
- Dividend yield: 3.4 percent
4. Human (HUM)
Humana is a health insurer headquartered in Louisville, Kentucky, with approximately 17 million members in its medical benefit plans and 5 million members in its specialty products as of the end of 2023. Humana generated revenue of $106.4 billion in 2023.
- Stock price: $350.52
- Lowest point in 52 weeks: $342.69
- Price-earnings ratio: 17.5x
- Dividend yield: 1.0 percent
5. Philip Morris International (PM)
Philip Morris sells cigarettes and smokeless products in more than 180 countries outside the US. While the company still generates significant profits from sales of tobacco-related products, it is moving toward a greater focus on smoke-free products that, while not risk-free, pose less of a health risk than cigarettes.
- Stock price: $89.37
- Lowest point in 52 weeks: $87.23
- Price-earnings ratio: 17.8x
- Dividend yield: 5.8 percent
6. VeriSign (VRSN)
Verisign is a provider of critical Internet infrastructure and domain name registration services. The company operates two of the thirteen global Internet root servers and provides registration services for the .com and .net top-level domains. Verisign reported 2023 revenue of $1.5 billion and operating profit of just over $1 billion.
- Stock price: $194.99
- Lowest point in 52 weeks: $188.44
- Price-earnings ratio: 24.7x
- Dividend yield: n/a
7. CH Robinson Worldwide (CHRW)
CH Robinson Worldwide is a global logistics company that connects customers, carriers and suppliers to help grow supply chains. The company processed approximately 19 million shipments in 2023 and worked with more than 90,000 customers, generating $17.6 billion in revenue.
- Stock price: $72.94
- Lowest point in 52 weeks: $71.29
- Price-earnings ratio: 26.8x
- Dividend yield: 3.3 percent
8. Kimberly-Clark Corp. (KMB)
Kimberly-Clark is a consumer goods company that sells a variety of personal care products, including Huggies diapers, Pull-Ups, Kleenex, and more. These products tend to be less affected by the economic cycle than more cyclical stocks. The company generated $20.4 billion in revenue by 2023 and has paid a quarterly dividend every year since 1935.
- Stock price: $121.79
- Lowest point in 52 weeks: $116.32
- Price-earnings ratio: 23.4x
- Dividend yield: 4.0 percent
9. Fox Corp. (FOX)
Fox is a news, sports and entertainment company that owns Fox News Media, Fox Sports, Fox Entertainment and other media brands. Fox generated $14.9 billion in revenue during its 2023 fiscal year, which ended June 30.
- Stock price: $27.05
- Lowest point in 52 weeks: $26.20
- Price-earnings ratio: 15.8x
- Dividend yield: 1.9 percent
10. Charter Communications (CHTR)
Charter Communications is a broadband connectivity provider and cable company serving more than 32 million customers in 41 states. Charter generated $54.6 billion in revenue in 2023.
- Stock price: $292.30
- Lowest point in 52 weeks: $276.49
- Price-earnings ratio: 9.8x
- Dividend yield: n/a
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making any investment decision. In addition, investors are advised that the past performance of investment products does not guarantee future price increases.
