5 Most Volatile Stocks Under $5 For Day Trading

1. Braemar Hotels & Resorts Inc. (NYSE:BHR)

Number of Hedge Fund Shareholders: 26

5-Year Monthly Beta: 2.33

Topping the list of most volatile stocks for less than $5 is Braemar Hotels & Resorts Inc. (NYSE:BHR), which hedge funds have gradually built up their stakes in over the past two years. Brian J. Higgins’ King Street Capital, which first took a stake in the company during Q2 of 2021, owns 1.75 million BHR shares as of September 30, giving the fund 1.44% 13F exposure to the stock.

Braemar Hotels & Resorts Inc. (NYSE:BHR) share shares have sank to a two-year low in recent days, falling by 34% this year. The REIT, which primarily invests in luxury hotels and resorts, grew revenue by 39% year-over-year in Q3 to $161 million, while its funds from operations came in at $0.16 per share. Both figures slightly missed estimates.

Braemar Hotels & Resorts Inc. (NYSE:BHR) had a preliminary occupancy rate of about 64% during November, down from 73% in October. RevPAR grew by 5% year-over-year during November, hitting $253 and by 25% year-over-year in October to $280. Both those figures represented all-time monthly highs for the company. Braemar is expected to grow revenue at about a 6.9% annual rate over the next three years, which is pretty much right in line with the industry’s expected growth rate.

For more of the latest stock picks worth considering for your portfolio, check out Marc Cuban Stock Portfolio and Best AI Penny Stocks Under $1.

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