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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)
PULM
PULMATRIX INC
United States
$7.16M3,652,2854.28%95.72%
OCUL
OCULAR THERAPEUTIX INC
United States
$917.03M148,627,43949.43%21.84%Net BuyingNet Buying
BYSI
BEYONDSPRING INC
United States
$87.82M39,029,16314.01%0.00%
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
RXRX
RECURSION PHARMACEUTICALS INC
United States
$2.07B234,653,27275.32%24.68%Net SellingNet Selling
MRVI
MARAVAI LIFESCIENCES HOLDINGS INC
United States
$2.26B251,399,87135.06%64.94%Net SellingNet Selling
INVA
INNOVIVA INC
United States
$961.06M63,227,33358.68%41.32%Net BuyingNet Buying
SWTX
SPRINGWORKS THERAPEUTICS INC
United States
$3.34B74,086,42564.08%35.92%Net SellingNet Selling
IMRN
IMMURON LTD
Australia
$14.35M227,798,3460.00%0.00%
HOWL
WEREWOLF THERAPEUTICS INC
United States
$263.77M43,455,36748.08%51.92%
HOOK
HOOKIPA PHARMA INC
United States
$92.02M98,950,10735.22%26.83%Net Buying
AADI
AADI BIOSCIENCE INC
United States
$52.05M24,554,20526.93%73.07%Net SellingNet Selling
STOK
STOKE THERAPEUTICS INC
United States
$556.57M46,303,74340.29%59.71%Net SellingNet Selling
CVAC
CUREVAC NV
Germany
$701.08M223,988,6759.83%0.00%
SILO
SILO PHARMA INC
United States
$5.26M2,843,6345.65%6.35%Net BuyingNet Buying
TARS
TARSUS PHARMACEUTICALS INC
United States
$1.26B34,218,88666.40%33.60%Net SellingNet Selling
CLLS
CELLECTIS SA
France
$214.54M71,751,20113.68%0.00%
RPTX
REPARE THERAPEUTICS INC
Canada
$145.53M42,182,17761.13%38.87%Net BuyingNet Selling
CRVO
CERVOMED INC
United States
$148.46M6,170,4790.47%99.53%
TCRT
ALAUNOS THERAPEUTICS INC
United States
$20.82M16,012,47953.36%46.64%Net Selling
CANF
CAN-FITE BIOPHARMA LTD
Israel
$8.53M1,359,837,3930.02%0.00%
IPHA
INNATE PHARMA SA
France
$204.75M80,453,2820.16%0.00%
BRTX
BIORESTORATIVE THERAPIES INC
United States
$9.24M6,769,9190.28%99.72%Net BuyingNet Buying
BLRX
BIOLINERX LTD
Israel
$49.51M1,086,589,1650.10%0.00%
PSTX
POSEIDA THERAPEUTICS INC
United States
$276.92M96,489,12746.85%40.59%Net SellingNet Selling
CRMD
CORMEDIX INC
United States
$321.09M54,981,10234.05%10.98%Net BuyingNet Buying
KRON
KRONOS BIO INC
United States
$61.30M60,095,01344.51%42.51%Net BuyingNet Selling
ANNX
ANNEXON INC
United States
$439.32M90,025,57376.31%23.69%Net BuyingNet Selling
BDTX
BLACK DIAMOND THERAPEUTICS INC
United States
$359.96M51,717,84960.10%39.90%Net BuyingNet Buying
ACST
ACASTI PHARMA INC
Canada
$27.82M9,399,4046.08%64.72%Net Buying
KTTA
PASITHEA THERAPEUTICS CORP
United States
$7.21M1,042,4152.22%97.78%Net Buying
VIR
VIR BIOTECHNOLOGY INC
United States
$1.41B136,058,68062.26%37.74%Net SellingNet Selling
SNDX
SYNDAX PHARMACEUTICALS INC
United States
$1.87B84,965,48691.35%8.65%Net Buying
BCYC
BICYCLE THERAPEUTICS PLC
United Kingdom
$1.05B42,779,03054.60%45.40%Net SellingNet Selling
IPSC
CENTURY THERAPEUTICS INC
United States
$196.40M64,817,86327.27%59.23%Net SellingNet Selling
EXAI
EXSCIENTIA PLC
United Kingdom
$587.03M125,702,39624.77%0.00%
XBIT
XBIOTECH INC
United States
$258.53M30,450,88111.32%45.18%
ANAB
ANAPTYSBIO INC
United States
$711.36M26,763,08141.94%58.06%Net SellingNet Selling
VCEL
VERICEL CORP
United States
$2.31B48,290,16491.15%8.85%Net SellingNet Selling
CLSD
CLEARSIDE BIOMEDICAL INC
United States
$97.88M74,721,13910.37%36.40%Net BuyingNet Buying
ACAD
ACADIA PHARMACEUTICALS INC
United States
$2.81B164,771,52171.22%28.78%Net BuyingNet Selling
ZNTL
ZENTALIS PHARMACEUTICALS INC
United States
$830.94M70,960,16573.56%26.44%Net BuyingNet Selling
ABEO
ABEONA THERAPEUTICS INC
United States
$125.83M27,355,03725.74%74.26%Net BuyingNet Buying
PASG
PASSAGE BIO INC
United States
$72.83M55,598,79643.60%56.40%Net BuyingNet Selling
ACET
ADICET BIO INC
United States
$119.12M82,153,98440.62%19.50%Net Buying
EQ
EQUILLIUM INC
United States
$58.88M35,254,75221.71%40.89%Net Buying
CGON
CG ONCOLOGY INC
United States
$2.42B66,636,2520.00%16.44%Net Buying
CNTA
CENTESSA PHARMACEUTICALS PLC
United Kingdom
$949.90M100,305,85071.06%14.21%Net SellingNet Selling
AVIR
ATEA PHARMACEUTICALS INC
United States
$333.29M84,164,54565.45%25.19%Net Selling
NRIX
NURIX THERAPEUTICS INC
United States
$628.15M49,150,79484.43%15.57%Net SellingNet Selling
PMVP
PMV PHARMACEUTICALS INC
United States
$102.37M51,443,48862.78%37.22%Net Buying
VRCA
VERRICA PHARMACEUTICALS INC
United States
$307.96M42,418,55341.10%58.90%Net Buying
VXRT
VAXART INC
United States
$126.75M173,861,6849.16%69.71%Net SellingNet Selling
CBUS
CIBUS INC
United States
$411.69M24,132,00914.04%85.96%Net Buying
LPTX
LEAP THERAPEUTICS INC
United States
$81.66M25,600,13712.25%87.75%
LVTX
LAVA THERAPEUTICS NV
Netherlands
$79.66M26,289,08722.20%0.00%
DYAI
DYADIC INTERNATIONAL INC
United States
$41.43M28,974,1057.98%92.02%
CGEM
CULLINAN THERAPEUTICS INC
United States
$1.22B43,065,64548.26%51.74%Net Selling
KURA
KURA ONCOLOGY INC
United States
$1.57B76,180,62090.77%9.23%Net Buying
SABS
SAB BIOTHERAPEUTICS INC
United States
$37.18M9,225,49440.51%59.49%Net Buying
PCSA
PROCESSA PHARMACEUTICALS INC
United States
$6.20M2,855,98123.32%76.68%Net BuyingNet Buying
ARTL
ARTELO BIOSCIENCES INC
United States
$4.36M3,227,7000.76%25.83%
OMGA
OMEGA THERAPEUTICS INC
United States
$142.30M55,154,98557.75%42.25%Net Selling
TARA
PROTARA THERAPEUTICS INC
United States
$59.92M20,589,97611.95%88.05%Net Selling
DOMH
DOMINARI HOLDINGS INC
United States
$13.65M5,934,9177.25%92.75%Net BuyingNet Buying
ATHA
ATHIRA PHARMA INC
United States
$75.12M38,326,65257.11%31.41%Net Buying
NKTX
NKARTA INC
United States
$365.68M49,416,18653.86%46.14%Net BuyingNet Buying
NBTX
NANOBIOTIX SA
France
$287.51M47,133,32819.67%0.00%
VRAX
VIRAX BIOLABS GROUP LTD
United Kingdom
$1.11M1,811,5407.37%0.00%
PCVX
VAXCYTE INC
United States
$7.15B108,407,73083.78%16.22%Net SellingNet Buying
LGND
LIGAND PHARMACEUTICALS INC
United States
$1.31B17,705,28714.99%85.01%Net BuyingNet Buying
ADMA
ADMA BIOLOGICS INC
United States
$1.55B228,220,23674.12%24.57%Net SellingNet Selling
XENE
XENON PHARMACEUTICALS INC
Canada
$3.30B75,432,48295.45%3.29%Net SellingNet Selling
BNTC
BENITEC BIOPHARMA INC
Australia
$23.20M2,592,43446.20%37.31%
MORF
MORPHIC HOLDING INC
United States
$1.50B50,093,58864.32%35.68%Net SellingNet Buying
LTRN
LANTERN PHARMA INC
United States
$66.06M10,741,32410.76%66.23%Net SellingNet Selling
LENZ
LENZ THERAPEUTICS INC
United States
$136.94M8,319,56149.99%50.01%Net BuyingNet Buying
PRLD
PRELUDE THERAPEUTICS INC
United States
$211.99M54,920,59452.43%47.57%Net BuyingNet Selling
NXTC
NEXTCURE INC
United States
$42.80M27,973,28947.70%50.08%
STRO
SUTRO BIOPHARMA INC
United States
$239.15M62,441,96378.85%21.15%Net SellingNet Selling
ORIC
ORIC PHARMACEUTICALS INC
United States
$654.22M67,375,84770.31%29.69%Net SellingNet Selling
GDTC
CYTOMED THERAPEUTICS LTD
Singapore
$23.71M11,540,0000.04%57.45%
BCRX
BIOCRYST PHARMACEUTICALS INC
United States
$917.37M206,149,92983.05%16.95%Net SellingNet Selling
TYRA
TYRA BIOSCIENCES INC
United States
$937.50M52,521,05059.50%40.50%Net BuyingNet Selling
IPA
IMMUNOPRECISE ANTIBODIES LTD
Canada
$33.68M26,315,2606.56%0.00%
CMPX
COMPASS THERAPEUTICS INC
United States
$233.90M137,589,17162.59%12.24%Net BuyingNet Selling
ERAS
ERASCA INC
United States
$324.20M151,494,16144.64%55.36%Net Buying
GPCR
STRUCTURE THERAPEUTICS INC
United States
$1.83B139,794,12430.46%15.04%
QNCX
QUINCE THERAPEUTICS INC
United States
$42.57M43,215,23315.43%84.57%Net Buying
AURA
AURA BIOSCIENCES INC
United States
$390.59M49,504,40574.74%17.47%Net Buying
ALDX
ALDEYRA THERAPEUTICS INC
United States
$247.16M59,414,48959.11%33.90%Net SellingNet Buying
EPIX
ESSA PHARMA INC
Canada
$304.36M44,238,14773.10%26.90%Net BuyingNet Buying
ENTX
ENTERA BIO LTD
Israel
$76.64M35,481,34111.45%3.79%Net Buying
SNPX
SYNAPTOGENIX INC
United States
$5.52M1,085,33479.75%20.25%
WVE
WAVE LIFE SCIENCES LTD
Singapore
$750.82M122,284,13961.18%38.82%Net BuyingNet Selling
ABOS
ACUMEN PHARMACEUTICALS INC
United States
$209.68M60,079,77863.98%16.58%Net Buying
CDTX
CIDARA THERAPEUTICS INC
United States
$57.07M4,561,75161.60%38.40%Net SellingNet Selling
LRMR
LARIMAR THERAPEUTICS INC
United States
$495.41M63,800,01742.05%57.95%Net BuyingNet Buying
VRNA
VERONA PHARMA PLC
United Kingdom
$1.27B646,524,95810.44%55.89%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.