5 Stocks Under $5 With High Potential

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In this article, we will take a look at the 5 stocks under $5 with high potential. To read our analysis of the recent market activity, you can go to the 11 Stocks Under $5 With High Potential.

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

Share Price as of December 14: $4.50

Number of Hedge Fund Holders: 25

The Woodlands, Texas-based TETRA Technologies, Inc. (NYSE:TTI) is an energy services and solutions company, focused on completion fluids, calcium chloride, water management solutions, frac flowback and production well testing services.

On October 30, TETRA Technologies, Inc. (NYSE:TTI) released its financial results for Q3 2023. Its revenue increased by 12% y-o-y to $151 million while it generated a net income of $5.4 million. The normalized EPS at $0.07 missed consensus estimates by $0.02.

TETRA Technologies, Inc. (NYSE:TTI) has the potential to earn royalty revenues from lithium reserves in South Arkansas where the company holds nearly 35,000 gross acres. Standard Lithium Ltd. intends to exercise the option to acquire lithium mining rights which would entitle TETRA Technologies, Inc. (NYSE:TTI) to 2.5% royalties on gross lithium revenues. Standard Lithium Ltd. is targeting construction in 2025 and commencing production in 2027.

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