10 Most Oversold Penny Stocks to Buy According to Analysts

5. Studio City International Holdings Limited (NYSE:MSC)

Price: $3.75

6-Month Performance: -26.18% 

Number of Hedge Fund Holders: 5

Analyst Upside Potential: 193.33% 

Studio City International Holdings Limited (NYSE:MSC) operates a cinematically-themed integrated resort in Cotai, Macau, combining gaming services with hospitality and entertainment offerings. The company also manages 250 mass-market gaming tables and 45 VIP rolling chip tables through a partnership with Melco Resorts Limited.

In the fiscal fourth quarter of 2024, the company reported growing revenue by 8.2% year-over-year driven by higher casino contract revenue and non-gaming income. On the other hand, the non-gaming revenue also grew from $84.3 million in Q4 2023 to $89.3 million during the recent quarter. Management of Studio City International Holdings Limited (NYSE:MSC) has repositioned its casino to focus on premium mass and mass segments, aligning with Macau’s regulatory emphasis on diversification. This included transferring VIP operations to the City of Dreams and reducing reliance on volatile high-roller revenue. The positive results underscore a revival of tourism in Macau, which is anticipated to further boost the revenue of Studio City International Holdings Limited (NYSE:MSC). It is one of the most oversold penny stocks to buy according to analysts.