10 Best Rising Penny Stocks to Buy According to Analysts

6. HF Foods Group Inc. (NASDAQ:HFFG)

Price: $3.99

1-Month Performance: 63.52%

Analyst Upside Potential: 75.44%

Number of Hedge Fund Holders: 2

HF Foods Group Inc. (NASDAQ:HFFG) is a Chinese marketer and distributor of fresh, frozen, and dry food. It primarily serves Asian and Chinese restaurants as well as some customers across the United States.

The company made significant progress in fiscal 2024. HF Foods Group Inc. (NASDAQ:HFFG) has been working to capitalize on the growth opportunities in the Asian food services market. During the fiscal fourth quarter of 2024, the company generated $305.3 million in revenue up 8.7% year-over-year. This growth was driven by the volume growth with new wholesale accounts and improved pricing for some categories. In addition, the management of HF Foods Group Inc. (NASDAQ:HFFG) has been able to reduce its distribution, selling, and administrative expenses as a percentage of net revenue, which helped take revenue higher.

Moreover, the company is expanding into high-growth channels including the specialty grocery and e-commerce to reduce its reliance on the restaurant segment which has been facing pressure due to inflation. It is one of the best-rising penny stocks to buy according to analysts.