5 Penny Stocks With High Growth Potential

3. National CineMedia, Inc. (NASDAQ:NCMI)

Number of Hedge Fund Holders: 13

National CineMedia, Inc. (NASDAQ:NCMI) is a Centennial, Colorado-based company that has agreements to show on-screen advertisements on 20,000 screens located in 1,600 theatres in the US.

The stock is a less speculative play on the movie theatre industry than AMC Entertainment Holdings, Inc. (NYSE:AMC) due to its diverse range of agreements with other cinema chains. National CineMedia, Inc. (NASDAQ:NCMI) has a long-term agreement of over 17 years with AMC, Cinemark, and Regal to display ads digitally. Before the pandemic, around 650 million people went to cinemas and saw the ads. This reflects the potential target market for National CineMedia, Inc. (NASDAQ:NCMI), supporting its inclusion in the list of penny stocks with high growth potential.

The company is projecting media advertising to grow by 13% this year. The advertising activity by National CineMedia, Inc. (NASDAQ:NCMI) targets the 18 to 34 years old demographic across different cultures with above-average income.