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Best Biotech Stocks to Buy Now (2024)
Top biotech stocks in 2024 ranked by overall Zen Score. See the best biotech stocks to buy now, according to analyst forecasts for the biotechnology industry.

Industry: Biotechnology
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
IFRX
INFLARX NV
Germany
$81.26M58,883,27229.00%0.00%
LQDA
LIQUIDIA CORP
United States
$972.40M76,027,77637.70%62.30%Net BuyingNet Selling
ATAI
ATAI LIFE SCIENCES NV
United States
$340.35M166,026,3967.99%37.92%Net SellingNet Selling
GLMD
GALMED PHARMACEUTICALS LTD
Israel
$1.95M5,045,32410.84%0.00%
AUPH
AURINIA PHARMACEUTICALS INC
Canada
$729.40M143,019,36537.21%3.22%Net SellingNet Selling
BEAM
BEAM THERAPEUTICS INC
United States
$1.89B81,657,71478.56%21.44%Net SellingNet Selling
CASI
CASI PHARMACEUTICALS INC
China
$37.39M13,378,1750.35%99.65%
NRBO
NEUROBO PHARMACEUTICALS INC
United States
$18.54M4,906,0320.25%99.75%
BLUE
BLUEBIRD BIO INC
United States
$98.40M109,336,21191.17%8.83%Net SellingNet Selling
HOTH
HOTH THERAPEUTICS INC
United States
$5.33M4,403,8040.94%99.06%
MTEM
MOLECULAR TEMPLATES INC
United States
$8.98M5,374,2681.90%98.10%Net BuyingNet Buying
ARVN
ARVINAS INC
United States
$2.23B68,083,92874.74%25.26%Net SellingNet Selling
MESO
MESOBLAST LTD
Australia
$761.10M1,014,799,3340.14%0.00%
CRBU
CARIBOU BIOSCIENCES INC
United States
$340.49M90,314,50176.47%8.74%Net Buying
YMAB
Y-MABS THERAPEUTICS INC
United States
$750.78M43,777,10546.22%39.32%Net BuyingNet Selling
LIFE
ATYR PHARMA INC
United States
$111.11M69,010,94059.74%22.13%Net Buying
CUE
CUE BIOPHARMA INC
United States
$103.61M48,643,31630.60%9.31%Net Buying
PGEN
PRECIGEN INC
United States
$353.47M248,919,09625.15%73.45%Net BuyingNet Selling
CCCC
C4 THERAPEUTICS INC
United States
$462.37M68,600,66968.39%25.32%Net BuyingNet Selling
ARDX
ARDELYX INC
United States
$2.04B233,976,57238.01%61.99%Net SellingNet Selling
IKNA
IKENA ONCOLOGY INC
United States
$63.70M48,258,11166.60%18.22%
CELZ
CREATIVE MEDICAL TECHNOLOGY HOLDINGS INC
United States
$5.96M1,356,6261.45%3.94%Net Buying
LYRA
LYRA THERAPEUTICS INC
United States
$245.69M60,964,85969.46%14.19%Net Buying
QTTB
Q32 BIO INC
United States
$82.65M3,229,64147.15%52.85%Net SellingNet Selling
ALLO
ALLOGENE THERAPEUTICS INC
United States
$519.11M169,091,99260.42%39.58%Net SellingNet Selling
MIST
MILESTONE PHARMACEUTICALS INC
Canada
$89.82M53,149,77833.44%24.16%
PRTC
PURETECH HEALTH PLC
United States
$773.99M271,853,7310.00%0.00%
XOMA
XOMA CORP
United States
$288.09M11,625,82617.69%82.31%Net Buying
NTLA
INTELLIA THERAPEUTICS INC
United States
$2.27B96,106,40568.92%31.08%Net SellingNet Selling
PLUR
PLURI INC
Israel
$29.81M5,185,0220.58%99.42%
ARQT
ARCUTIS BIOTHERAPEUTICS INC
United States
$774.51M96,813,36373.16%26.84%Net BuyingNet Selling
DNLI
DENALI THERAPEUTICS INC
United States
$2.39B139,160,23956.52%43.48%Net SellingNet Selling
LYEL
LYELL IMMUNOPHARMA INC
United States
$599.67M254,096,31151.66%46.21%Net Selling
SPRC
SCISPARC LTD
Israel
$890.42k706,6831.05%0.00%
IMNM
IMMUNOME INC
United States
$940.18M59,694,24336.00%9.90%Net Buying
KROS
KEROS THERAPEUTICS INC
United States
$2.18B35,982,62870.92%29.08%Net Buying
GLYC
GLYCOMIMETICS INC
United States
$117.94M64,450,38535.53%64.47%Net BuyingNet Buying
INO
INOVIO PHARMACEUTICALS INC
United States
$282.78M23,370,36561.56%38.44%Net SellingNet Selling
MRNS
MARINUS PHARMACEUTICALS INC
United States
$82.51M54,642,58081.93%18.07%Net BuyingNet Buying
ABCL
ABCELLERA BIOLOGICS INC
Canada
$1.18B292,782,15240.68%47.55%Net BuyingNet Buying
OVID
OVID THERAPEUTICS INC
United States
$216.37M70,709,85762.41%23.75%Net BuyingNet Buying
EDIT
EDITAS MEDICINE INC
United States
$463.88M81,813,85064.04%35.96%Net SellingNet Selling
COCP
COCRYSTAL PHARMA INC
United States
$16.58M10,173,7900.69%99.31%
PALI
PALISADE BIO INC
United States
$6.59M851,4013.08%96.92%Net Buying
CRNX
CRINETICS PHARMACEUTICALS INC
United States
$3.28B69,596,20285.00%15.00%Net SellingNet Selling
ALEC
ALECTOR INC
United States
$516.09M95,749,25958.13%41.87%Net SellingNet Selling
ALPN
ALPINE IMMUNE SCIENCES INC
United States
$4.23B65,546,13658.72%41.28%Net BuyingNet Buying
STTK
SHATTUCK LABS INC
United States
$512.60M47,550,87256.87%26.45%Net SellingNet Selling
GERN
GERON CORP
United States
$2.33B593,132,54066.32%1.13%Net Buying
GBIO
GENERATION BIO CO
United States
$210.73M66,477,11163.23%36.77%Net BuyingNet Selling
MGNX
MACROGENICS INC
United States
$978.31M62,432,01372.54%27.46%Net BuyingNet Selling
PPBT
PURPLE BIOTECH LTD
Israel
$10.51M198,386,0801.23%0.00%
ABSI
ABSCI CORP
United States
$572.95M112,784,57629.91%39.04%Net BuyingNet Buying
LUMO
LUMOS PHARMA INC
United States
$24.00M8,107,12117.70%82.30%Net BuyingNet Buying
KYMR
KYMERA THERAPEUTICS INC
United States
$2.29B61,358,26271.48%28.52%Net SellingNet Selling
IMAB
I-MAB
China
$142.11M185,613,6626.65%0.00%
MRNA
MODERNA INC
United States
$47.90B383,239,72667.09%21.59%Net SellingNet Selling
QURE
UNIQURE NV
Netherlands
$224.36M47,838,27578.37%13.99%Net SellingNet Selling
CVKD
CADRENAL THERAPEUTICS INC
United States
$7.84M16,008,4693.45%46.72%Net Buying
SXTP
60 DEGREES PHARMACEUTICALS INC
United States
$2.43M11,570,5784.00%31.34%Net Buying
NGNE
NEUROGENE INC
United States
$470.80M12,852,98536.48%63.52%Net Buying
BPMC
BLUEPRINT MEDICINES CORP
United States
$6.71B62,616,90281.64%18.36%Net SellingNet Selling
ATOS
ATOSSA THERAPEUTICS INC
United States
$208.00M125,304,06412.74%15.22%Net BuyingNet Buying
EVGN
EVOGENE LTD
Israel
$35.92M50,584,5888.48%0.00%
ELVN
ENLIVEN THERAPEUTICS INC
United States
$936.52M41,347,63246.22%53.78%Net SellingNet Selling
DTIL
PRECISION BIOSCIENCES INC
United States
$72.76M6,916,23956.40%43.60%Net SellingNet Selling
CLDX
CELLDEX THERAPEUTICS INC
United States
$2.38B55,900,67982.75%17.25%Net BuyingNet Buying
DMAC
DIAMEDICA THERAPEUTICS INC
United States
$113.87M37,958,00010.12%55.46%Net Buying
SVRA
SAVARA INC
United States
$649.99M138,148,14132.26%67.74%Net BuyingNet Selling
TCRX
TSCAN THERAPEUTICS INC
United States
$409.87M47,882,19666.65%29.73%Net Buying
AVXL
ANAVEX LIFE SCIENCES CORP
United States
$316.13M82,112,51131.49%5.04%Net BuyingNet Buying
TBPH
THERAVANCE BIOPHARMA INC
Cayman Islands
$455.64M48,164,70859.18%40.82%Net BuyingNet Buying
DNTH
DIANTHUS THERAPEUTICS INC
United States
$757.15M29,346,76024.91%75.09%Net Buying
NTBL
NOTABLE LABS LTD
Israel
$8.57M9,018,2612.63%97.37%Net Selling
CRDF
CARDIFF ONCOLOGY INC
United States
$157.43M44,724,59111.84%34.56%Net Buying
TTNP
TITAN PHARMACEUTICALS INC
United States
$6.29M914,2342.50%97.50%Net Selling
MOLN
MOLECULAR PARTNERS AG
Switzerland
$130.76M32,854,2972.91%0.00%
LABP
LANDOS BIOPHARMA INC
United States
$69.30M3,116,7294.53%95.47%
PMCB
PHARMACYTE BIOTECH INC
United States
$17.86M8,464,82412.86%13.29%
FDMT
4D MOLECULAR THERAPEUTICS INC
United States
$1.31B49,778,12783.80%16.20%Net BuyingNet Selling
LSTA
LISATA THERAPEUTICS INC
United States
$23.68M8,307,4330.84%99.16%Net Selling
TRVI
TREVI THERAPEUTICS INC
United States
$208.26M68,960,16722.22%77.78%Net Buying
BOLT
BOLT BIOTHERAPEUTICS INC
United States
$41.94M38,127,74054.74%45.26%Net Selling
ETNB
89BIO INC
United States
$862.08M93,501,21085.97%14.03%Net BuyingNet Buying
TVTX
TRAVERE THERAPEUTICS INC
United States
$476.38M76,098,48559.75%40.25%Net SellingNet Selling
AKRO
AKERO THERAPEUTICS INC
United States
$1.11B56,297,52866.83%33.17%Net BuyingNet Buying
SNSE
SENSEI BIOTHERAPEUTICS INC
United States
$44.88M25,070,98011.82%71.99%Net SellingNet Selling
RIGL
RIGEL PHARMACEUTICALS INC
United States
$210.45M175,377,81260.76%15.75%Net Selling
ATXS
ASTRIA THERAPEUTICS INC
United States
$524.32M54,903,06167.13%25.09%Net BuyingNet Buying
DNA
GINKGO BIOWORKS HOLDINGS INC
United States
$2.06B2,152,395,78658.22%13.98%Net SellingNet Selling
TERN
TERNS PHARMACEUTICALS INC
United States
$351.71M64,651,69372.52%27.48%Net SellingNet Selling
ABIO
ARCA BIOPHARMA INC
United States
$47.29M14,507,1434.98%95.02%
IOBT
IO BIOTECH INC
Denmark
$97.50M65,880,91436.62%63.38%Net BuyingNet Selling
CYCN
CYCLERION THERAPEUTICS INC
United States
$8.01M2,710,0969.83%90.17%Net Buying
CABA
CABALETTA BIO INC
United States
$597.71M48,241,61592.00%8.00%Net Buying
RXRX
RECURSION PHARMACEUTICALS INC
United States
$2.07B234,653,27275.32%24.68%Net SellingNet Selling
MNKD
MANNKIND CORP
United States
$1.19B270,418,21530.01%69.99%Net BuyingNet Selling
PHAR
PHARMING GROUP NV
Netherlands
$671.07M671,073,2430.00%0.00%
URGN
UROGEN PHARMA LTD
Israel
$487.95M34,122,08762.74%29.32%Net BuyingNet Selling
ADPT
ADAPTIVE BIOTECHNOLOGIES CORP
United States
$436.73M145,092,27162.07%37.93%Net SellingNet Selling

Biotech Stocks FAQ

What are the best biotech stocks to buy right now in May 2024?

According to Zen Score, the 3 best biotechnology stocks to buy right now are:

1. Corcept Therapeutics (NASDAQ:CORT)


Corcept Therapeutics (NASDAQ:CORT) is the top biotech stock with a Zen Score of 65, which is 42 points higher than the biotech industry average of 23. It passed 21 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 6.15% over the past year, overperforming other biotech stocks by 24 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 65.85% from Corcept Therapeutics's current stock price of $24.52.

Corcept Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Corcept Therapeutics, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the second best biotech stock with a Zen Score of 64, which is 41 points higher than the biotech industry average of 23. It passed 20 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -20.99% over the past year, underperforming other biotech stocks by -3 percentage points.

Incyte has an average 1 year price target of $74.92, an upside of 39.37% from Incyte's current stock price of $53.76.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Incyte, 30.77% have issued a Strong Buy rating, 23.08% have issued a Buy, 46.15% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Amylyx Pharmaceuticals (NASDAQ:AMLX)


Amylyx Pharmaceuticals (NASDAQ:AMLX) is the third best biotech stock with a Zen Score of 63, which is 40 points higher than the biotech industry average of 23. It passed 20 out of 33 due diligence checks and has strong fundamentals. Amylyx Pharmaceuticals has seen its stock lose -92.77% over the past year, underperforming other biotech stocks by -74 percentage points.

Amylyx Pharmaceuticals has an average 1 year price target of $11.00, an upside of 441.87% from Amylyx Pharmaceuticals's current stock price of $2.03.

Amylyx Pharmaceuticals stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Amylyx Pharmaceuticals, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the biotech stocks with highest dividends?

Out of 3 biotech stocks that have issued dividends in the past year, the 3 biotech stocks with the highest dividend yields are:

1. Mei Pharma (NASDAQ:MEIP)


Mei Pharma (NASDAQ:MEIP) has an annual dividend yield of 57.19%, which is 42 percentage points higher than the biotech industry average of 15.03%.

Mei Pharma's dividend payout ratio of 58.9% indicates that its high dividend yield is sustainable for the long-term.

2. Novo Nordisk A S (NYSE:NVO)


Novo Nordisk A S (NYSE:NVO) has an annual dividend yield of 1.11%, which is -14 percentage points lower than the biotech industry average of 15.03%. Novo Nordisk A S's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Novo Nordisk A S's dividend has shown consistent growth over the last 10 years.

Novo Nordisk A S's dividend payout ratio of 47.8% indicates that its dividend yield is sustainable for the long-term.

3. Bio Techne (NASDAQ:TECH)


Bio Techne (NASDAQ:TECH) has an annual dividend yield of 0.41%, which is -15 percentage points lower than the biotech industry average of 15.03%. Bio Techne's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Bio Techne's dividend has shown consistent growth over the last 10 years.

Bio Techne's dividend payout ratio of 22.7% indicates that its dividend yield is sustainable for the long-term.

Why are biotech stocks up?

Biotech stocks were up 1.07% in the last day, and up 6% over the last week. Ardelyx was the among the top gainers in the biotechnology industry, gaining 28.42% yesterday.

Ardelyx shares are trading higher after the company reported better-than-expected Q1 financial results.

What are the most undervalued biotech stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued biotech stocks right now are:

1. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the most undervalued biotech stock based on WallStreetZen's Valuation Score. Incyte has a valuation score of 86, which is 73 points higher than the biotech industry average of 13. It passed 6 out of 7 valuation due diligence checks.

Incyte's stock has dropped -20.99% in the past year. It has underperformed other stocks in the biotech industry by -3 percentage points.

2. Royalty Pharma (NASDAQ:RPRX)


Royalty Pharma (NASDAQ:RPRX) is the second most undervalued biotech stock based on WallStreetZen's Valuation Score. Royalty Pharma has a valuation score of 86, which is 73 points higher than the biotech industry average of 13. It passed 6 out of 7 valuation due diligence checks.

Royalty Pharma's stock has dropped -19.61% in the past year. It has underperformed other stocks in the biotech industry by -1 percentage points.

3. Amylyx Pharmaceuticals (NASDAQ:AMLX)


Amylyx Pharmaceuticals (NASDAQ:AMLX) is the third most undervalued biotech stock based on WallStreetZen's Valuation Score. Amylyx Pharmaceuticals has a valuation score of 71, which is 58 points higher than the biotech industry average of 13. It passed 5 out of 7 valuation due diligence checks.

Amylyx Pharmaceuticals's stock has dropped -92.77% in the past year. It has underperformed other stocks in the biotech industry by -74 percentage points.

Are biotech stocks a good buy now?

50.1% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 80.46% over the next year.

What is the average p/e ratio of the biotechnology industry?

The average P/E ratio of the biotechnology industry is 6.05x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.