10 Best Rising Penny Stocks to Buy According to Analysts

8. Satixfy Communications Ltd. (NYSEAMERICAN:SATX)

Price: $1.99

1-Month Performance: 46.32%

Analyst Upside Potential: 50.75%

Number of Hedge Fund Holders: 2

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) is a technology company based in Israel that engages in developing satellite communication technology. Its key systems include satellite payloads, chipsets, modems and terminals, and network management systems.

The company released its full-year results demonstrating growth in 2024. Its revenue reached $20.6 million, representing a 92% increase year-over-year. This came in above management’s guidance of $17-19 million for the year and was driven by the Development Services and Pre-Production segment which made $13.1 million, representing a 59% increase, and product sales, which grew 204% year-over-year.

In addition to this, Satixfy Communications Ltd. (NYSEAMERICAN:SATX) secured significant contracts in 2024 including the Telesat Contract, MDA Space Collaboration, and Prime2 Space-Grade Digital Beam Former Chips. It is one of the best-rising penny stocks to buy according to analysts.