5 Most Volatile Stocks Under $5 For Day Trading

4. TETRA Technologies, Inc. (NYSE:TTI)

Number of Hedge Fund Shareholders: 18

5-Year Monthly Beta: 2.66

The number of hedge funds with long positions in TETRA Technologies, Inc. (NYSE:TTI) dipped slightly during Q3 but has tripled since the first quarter of 2020. Jim Roumell’s Roumell Asset Management has the most bullish stake in TTI among the funds tracked by Insider Monkey’s database, owning 988,420 shares and having 7.68% exposure to the stock in its 13F portfolio.

Unlike most of the stocks on this list, TETRA Technologies, Inc. (NYSE:TTI) shares are both volatile and trending upwards this year, gaining 14% in 2022. TTI shares sank to as little as $0.25 during the early days of the pandemic selloff, but now trade hands for $3.48. The stock has a decent daily trading volume of about 1.24 million shares.

TETRA Technologies, Inc. (NYSE:TTI), which provides various services for upstream energy companies, has enjoyed a resurgence in its top and bottom line results this year after a couple of lean years in 2020 and 2021. Trailing twelve month sales are up by about 40% compared to 2021 levels, while gross profit has nearly doubled. The company’s Water & Flowback Services segment has been one of its strongest performers, gaining market share and growing sales by 15% quarter-over-quarter in Q3.