In this article, we will take a look at the 5 small-cap stocks with huge growth potential. For a detailed analysis of these stocks, go directly to the 10 Small-Cap Stocks with Huge Growth Potential.
5 Small-Cap Stocks With Huge Growth Potential
5. Monarch Casino & Resort, Inc. (NASDAQ: MCRI)
Number of Hedge Fund Holders: 14
Ranking 5th on the list of small-cap stocks with huge growth potential is casino resort operator Monarch Casino & Resort, Inc. (NASDAQ: MCRI). The Las Vegas-based company was founded in 1972 and operates several casino resorts in Nevada and Colorado, including Atlantis Casino Resort Spa and Monarch Casino Resort Spa Black Hawk.
The company has a market cap of $1.36 billion. The company recorded an all-time high net revenue of $75 million in the first quarter of 2021, up 46.9% from $51 million in the first quarter of 2020. The gradual opening of operations of the company’s newly transformed Monarch Casino Resort Spa Black Hawk in Colorado, which began in the fourth quarter of 2020, boosted first-quarter results. The 52-week price range of Monarch Casino & Resort, Inc. (NASDAQ: MCRI) is $26.50-76. The stock has gained 118% in the last twelve months.
At the end of the fourth quarter of 2020, 14 hedge funds in the database of Insider Monkey held stakes worth $120.7 million in the firm, up from 10 funds in the preceding quarter having stakes worth $86.7 million.