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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)
VKTX
VIKING THERAPEUTICS INC
United States
$8.35B110,268,21069.23%9.05%Net SellingNet Selling
ANTX
AN2 THERAPEUTICS INC
United States
$75.62M29,770,37554.22%45.78%Net Buying
ADIL
ADIAL PHARMACEUTICALS INC
United States
$7.26M4,054,8615.41%94.59%Net Buying
INSM
INSMED INC
United States
$3.81B148,491,58379.99%20.01%Net BuyingNet Buying
NKTR
NEKTAR THERAPEUTICS
United States
$306.64M183,617,81764.89%14.15%Net SellingNet Selling
IKT
INHIBIKASE THERAPEUTICS INC
United States
$8.68M6,476,8443.63%84.17%
NUVL
NUVALENT INC
United States
$4.64B64,067,63870.74%29.26%Net SellingNet Selling
TCBP
TC BIOPHARM (HOLDINGS) PLC
United Kingdom
$4.63M63,902,6410.12%11.35%
ABVX
ABIVAX SA
France
$938.90M62,928,81833.79%0.00%
TCON
TRACON PHARMACEUTICALS INC
United States
$4.12M2,275,2256.34%93.66%Net Selling
GRTS
GRITSTONE BIO INC
United States
$85.32M98,065,59442.92%22.25%Net Buying
VALN
VALNEVA SE
$515.78M138,912,1420.28%0.00%
AVTE
AEROVATE THERAPEUTICS INC
United States
$578.16M27,862,96166.43%33.57%Net SellingNet Selling
TENX
TENAX THERAPEUTICS INC
United States
$7.42M1,958,2457.69%92.31%
ABUS
ARBUTUS BIOPHARMA CORP
Canada
$505.76M188,717,40924.75%75.25%Net Selling
LIPO
LIPELLA PHARMACEUTICALS INC
United States
$4.69M6,250,0345.92%28.26%Net BuyingNet Buying
OBIO
ORCHESTRA BIOMED HOLDINGS INC
United States
$198.56M35,777,41237.09%51.45%Net Buying
ACLX
ARCELLX INC
United States
$2.81B52,796,61844.19%55.81%Net SellingNet Selling
ACRV
ACRIVON THERAPEUTICS INC
United States
$191.51M22,636,95146.35%53.65%Net BuyingNet Buying
CTXR
CITIUS PHARMACEUTICALS INC
United States
$112.48M159,094,78116.86%7.74%
PYXS
PYXIS ONCOLOGY INC
United States
$256.37M58,133,37515.13%36.17%Net Selling
CYTO
ALTAMIRA THERAPEUTICS LTD
Bermuda
$2.39M1,477,7850.52%0.00%
DAWN
DAY ONE BIOPHARMACEUTICALS INC
United States
$1.54B87,384,85654.70%45.30%Net BuyingNet Selling
RLAY
RELAY THERAPEUTICS INC
United States
$939.81M132,741,67772.37%27.63%Net SellingNet Selling
JSPR
JASPER THERAPEUTICS INC
United States
$361.23M15,063,89660.15%39.85%Net BuyingNet Buying
VBIV
VBI VACCINES INC
United States
$16.58M28,432,2753.92%96.08%Net Buying
ENTA
ENANTA PHARMACEUTICALS INC
United States
$294.28M21,155,98358.46%41.54%Net SellingNet Selling
GLUE
MONTE ROSA THERAPEUTICS INC
United States
$280.86M50,154,07324.82%75.18%
IONS
IONIS PHARMACEUTICALS INC
United States
$6.28B145,751,79796.31%3.69%Net SellingNet Selling
NTRB
NUTRIBAND INC
United States
$40.04M10,969,8701.78%51.68%
TNXP
TONIX PHARMACEUTICALS HOLDING CORP
United States
$14.45M84,490,86217.09%18.38%
LGVN
LONGEVERON INC
United States
$4.55M2,513,46014.25%85.75%Net BuyingNet Buying
MRSN
MERSANA THERAPEUTICS INC
United States
$407.58M121,303,00742.94%57.06%Net Selling
ASND
ASCENDIS PHARMA A
Denmark
$8.22B58,224,419100.00%0.00%
FNCH
FINCH THERAPEUTICS GROUP INC
United States
$4.00M1,605,7631.07%98.93%Net SellingNet Selling
BTAI
BIOXCEL THERAPEUTICS INC
United States
$78.28M30,576,6714.33%95.67%Net SellingNet Selling
CDMO
AVID BIOSERVICES INC
United States
$520.53M63,479,79490.14%9.03%Net SellingNet Selling
MOR
MORPHOSYS AG
Germany
$2.69B37,655,13763.38%0.00%
IOVA
IOVANCE BIOTHERAPEUTICS INC
United States
$3.60B279,307,04316.06%83.94%Net BuyingNet Buying
SEEL
SEELOS THERAPEUTICS INC
United States
$4.51M13,680,5763.20%96.80%Net BuyingNet Buying
GANX
GAIN THERAPEUTICS INC
United States
$47.52M16,219,7099.53%2.11%Net BuyingNet Buying
EYEN
EYENOVIA INC
United States
$44.40M47,386,34924.06%27.52%Net BuyingNet Buying
FENC
FENNEC PHARMACEUTICALS INC
United States
$246.34M27,099,9084.18%95.82%Net BuyingNet Selling
XNCR
XENCOR INC
United States
$1.44B61,120,27266.74%33.26%Net BuyingNet Selling
PYPD
POLYPID LTD
Israel
$7.94M1,653,5591.27%0.00%
SGMO
SANGAMO THERAPEUTICS INC
United States
$93.39M178,906,35048.59%17.99%Net SellingNet Selling
THAR
THARIMMUNE INC
United States
$4.44M11,739,6761.16%37.18%Net Buying
APGE
APOGEE THERAPEUTICS INC
United States
$2.64B50,655,67182.46%11.78%Net Buying
APM
APTORUM GROUP LTD
China
$28.03M5,181,6970.85%40.28%
AZTR
AZITRA INC
United States
$6.34M28,804,6430.16%55.13%Net BuyingNet Buying
ALLK
ALLAKOS INC
United States
$96.66M87,873,99546.03%53.97%Net SellingNet Selling
BCAB
BIOATLA INC
United States
$151.99M48,096,71756.14%33.68%Net BuyingNet Selling
APLT
APPLIED THERAPEUTICS INC
United States
$479.67M105,886,83157.95%8.47%Net SellingNet Selling
CAPR
CAPRICOR THERAPEUTICS INC
United States
$164.53M31,399,66711.23%88.77%Net BuyingNet Buying
GTBP
GT BIOPHARMA INC
United States
$4.41M1,380,63373.85%26.15%Net Buying
CMND
CLEARMIND MEDICINE INC
Canada (Federal Level)
$3.71M3,169,5702.92%0.00%
CRIS
CURIS INC
United States
$97.31M5,894,0853.46%96.54%
MBRX
MOLECULIN BIOTECH INC
United States
$11.47M2,227,51645.78%54.22%Net Buying
CTNM
CONTINEUM THERAPEUTICS INC
United States
N/A27,055,7900.00%9.96%
EDSA
EDESA BIOTECH INC
Canada
$14.45M3,171,7601.29%98.71%Net BuyingNet Buying
ELEV
ELEVATION ONCOLOGY INC
United States
$208.72M54,638,26247.31%21.57%Net SellingNet Selling
ENLV
ENLIVEX THERAPEUTICS LTD
Israel
$30.13M18,598,5551.01%77.27%
ENVB
ENVERIC BIOSCIENCES INC
United States
$6.75M7,294,0056.71%5.99%Net Buying
GHRS
GH RESEARCH PLC
Ireland
$582.19M52,028,14556.89%0.00%
HLVX
HILLEVAX INC
United States
$696.81M49,700,82865.85%34.15%Net SellingNet Selling
OPT
OPTHEA LTD
Australia
$193.87M467,159,3741.53%0.00%
RARE
ULTRAGENYX PHARMACEUTICAL INC
United States
$3.56B82,335,68783.47%16.53%Net SellingNet Selling
RVNC
REVANCE THERAPEUTICS INC
United States
$332.57M88,214,05473.75%26.25%Net SellingNet Selling
SYRE
SPYRE THERAPEUTICS INC
United States
$1.31B36,150,94152.09%47.91%Net BuyingNet Buying
MGTX
MEIRAGTX HOLDINGS PLC
United States
$320.44M64,217,16651.67%48.33%Net Buying
RPHM
RENEO PHARMACEUTICALS INC
United States
$57.82M33,420,80861.78%38.22%Net Buying
MLYS
MINERALYS THERAPEUTICS INC
United States
$649.67M49,631,15956.06%43.94%Net BuyingNet Buying
TLSA
TIZIANA LIFE SCIENCES LTD
United Kingdom
$72.10M102,272,6140.78%0.00%
TNYA
TENAYA THERAPEUTICS INC
United States
$362.74M78,516,14255.16%44.84%Net BuyingNet Buying
SLDB
SOLID BIOSCIENCES INC
United States
$386.25M37,756,87721.64%78.36%Net Buying
TSHA
TAYSHA GENE THERAPIES INC
United States
$482.51M187,018,27569.58%15.93%Net Buying
PEPG
PEPGEN INC
United States
$468.82M32,354,49550.08%18.34%Net BuyingNet Buying
ONCY
ONCOLYTICS BIOTECH INC
Canada
$87.08M74,423,9606.91%0.00%
VIRI
VIRIOS THERAPEUTICS INC
United States
$8.11M19,257,9374.47%5.34%Net Buying
VIRX
VIRACTA THERAPEUTICS INC
United States
$32.99M39,272,4343.63%96.37%Net BuyingNet Selling
VTYX
VENTYX BIOSCIENCES INC
United States
$290.93M59,252,34939.06%60.94%Net SellingNet Selling
XFOR
X4 PHARMACEUTICALS INC
United States
$181.37M167,937,78157.63%1.30%Net SellingNet Selling
PHVS
PHARVARIS NV
Netherlands
$1.23B52,290,21277.92%0.00%
DYN
DYNE THERAPEUTICS INC
United States
$2.27B87,382,63865.80%34.20%Net SellingNet Selling
GNTA
GENENTA SCIENCE SPA
Italy
$60.30M18,216,9582.53%0.00%
BLTE
BELITE BIO INC
United States
$1.20B29,149,4440.53%0.00%
IMMX
IMMIX BIOPHARMA INC
United States
$60.98M26,396,4202.96%31.19%Net Buying
GLSI
GREENWICH LIFESCIENCES INC
United States
$180.17M12,878,4094.02%95.98%Net BuyingNet Buying
BMEA
BIOMEA FUSION INC
United States
$428.82M35,944,58461.83%38.17%Net Selling
PDSB
PDS BIOTECHNOLOGY CORP
United States
$136.81M36,679,27522.71%31.97%
CMMB
CHEMOMAB THERAPEUTICS LTD
Israel
$10.44M284,094,7000.99%5.96%
CYCC
CYCLACEL PHARMACEUTICALS INC
United States
$3.28M1,318,2571.23%98.77%Net Buying
CDXS
CODEXIS INC
United States
$235.66M70,557,57746.84%53.16%Net Buying
GNPX
GENPREX INC
United States
$4.51M1,910,44148.09%51.91%Net SellingNet Selling
KPTI
KARYOPHARM THERAPEUTICS INC
United States
$124.27M115,067,08363.84%32.73%Net SellingNet Selling
RLYB
RALLYBIO CORP
United States
$69.20M37,811,97043.27%56.73%
SLN
SILENCE THERAPEUTICS PLC
United Kingdom
$842.97M118,846,96617.28%0.00%
SLRX
SALARIUS PHARMACEUTICALS INC
United States
$2.28M4,314,4332.20%97.80%
CGTX
COGNITION THERAPEUTICS INC
United States
$77.22M39,000,15218.34%62.09%Net BuyingNet Buying
CKPT
CHECKPOINT THERAPEUTICS INC
United States
$52.82M35,686,27913.69%8.02%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 11.92% over the past year, overperforming other biotech stocks by 30 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 62.28% from Corcept Therapeutics's current stock price of $25.06.

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 -24.11% over the past year, underperforming other biotech stocks by -6 percentage points.

Incyte has an average 1 year price target of $74.92, an upside of 41.12% from Incyte's current stock price of $53.09.

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 -92.81% 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 450% from Amylyx Pharmaceuticals's current stock price of $2.00.

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 0.42%, 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 1.42% in the last day, and up 6.14% over the last week. Context Therapeutics was the among the top gainers in the biotechnology industry, gaining 28.68% yesterday.

Context Therapeutics shares are trading higher after the company announced FDA clearance of its IND application for a Phase 1 clinical trial of CTIM-76.

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 72 points higher than the biotech industry average of 14. It passed 6 out of 7 valuation due diligence checks.

Incyte's stock has dropped -24.11% in the past year. It has underperformed other stocks in the biotech industry by -6 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 72 points higher than the biotech industry average of 14. It passed 6 out of 7 valuation due diligence checks.

Royalty Pharma's stock has dropped -17.97% in the past year. It has performed in line with other stocks in the biotech industry.

3. Avrobio (NASDAQ:AVRO)


Avrobio (NASDAQ:AVRO) is the third most undervalued biotech stock based on WallStreetZen's Valuation Score. Avrobio has a valuation score of 71, which is 57 points higher than the biotech industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Avrobio's stock has gained 88.65% in the past year. It has overperformed other stocks in the biotech industry by 107 percentage points.

Are biotech stocks a good buy now?

49.33% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 82.13% 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 7.63x.
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.