8 Most Undervalued Penny Stocks To Buy According To Analysts

3. AerSale Corporation (NASDAQ:ASLE)

Share Price: $4.88

Forward P/E: 17.28

Earnings Growth: 1300.00%

Number of Hedge Fund Holders: 16

Analyst Upside: 104.92%

AerSale Corporation (NASDAQ:ASLE) is a leading player in the aviation industry that specializes in aftermarket services for commercial aircraft and engines. The services provided by the company include the sale and lease of aircraft and engines, as well as maintenance, repair, and overhaul (MRO) services. It serves commercial airlines, airplane manufacturers, and government contractors.

Although the main operation of the company concerns buying and selling used airplanes, however, it has gained significant importance due to its AerAware technology which enables better vision in older cockpits.

AerSale Corporation (NASDAQ:ASLE) has not yet been able to find an initial order for the technology but it is in talks with 4 potential clients. It is anticipated that once the management finds some clients for its technology it will result in high-margin revenues for the company.

Management has been investing in its maintenance operations as they know that the sales business is volatile. Its second quarter revenue was $77.1 million up from $69.3 million from the previous quarter. It sold 5 engines compared to 4 engines the previous year during the second quarter. Bullish analysts vouch for its maintenance and spare part business which is here to stay for a longer term, making AerSale Corporation (NASDAQ:ASLE) one of the most undervalued penny stocks to buy according to analysts.