10 Most Oversold Penny Stocks to Buy According to Analysts

7. Lotus Technology Inc. (NASDAQ:LOT)

Price: $1.60

6-Month Performance: -68.06%

Number of Hedge Fund Holders: 11

Analyst Upside Potential: 148.45% 

Lotus Technology Inc. (NASDAQ:LOT) is an international luxury electric vehicle manufacturer focused on battery electric vehicles (BEVs) with advanced automotive technologies. The fiscal year 2024 was marked with strong operational performance by the company. During the year, the company delivered 12,065 vehicles, reflecting a 70% year-over-year growth. This growth was driven by a strong performance in China which accounted for around 25% of the global deliveries.

Moreover, Lotus Technology Inc. (NASDAQ:LOT) also launched Hyper Hybrid EV technology, offering a combined range of over 1,100 km to address evolving market demands for performance and sustainability. On the intelligence-driving front, the company’s revenue surged from non-Lotus customers reaching $11 million. Looking ahead, the company is aiming to increase global deliveries by 20% in 2025. It is one of the most oversold penny stocks to buy according to analysts.