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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)
MRVI
MARAVAI LIFESCIENCES HOLDINGS INC
United States
$2.85B251,924,89835.23%64.77%Net SellingNet Selling
SNTI
SENTI BIOSCIENCES INC
United States
$17.48M45,755,02123.95%52.51%
SNGX
SOLIGENIX INC
United States
$6.21M15,799,8370.23%99.77%
CGEN
COMPUGEN LTD
Israel
$186.56M88,415,38214.22%0.00%
INMB
INMUNE BIO INC
United States
$214.64M19,782,42913.85%37.05%Net BuyingNet Buying
GNLX
GENELUX CORP
United States
$98.54M26,996,74022.29%5.19%Net SellingNet Selling
CYTK
CYTOKINETICS INC
United States
$6.24B104,853,91888.53%11.47%Net SellingNet Selling
BNTC
BENITEC BIOPHARMA INC
Australia
$88.90M9,367,48513.57%10.33%
LGVN
LONGEVERON INC
United States
$8.13M6,348,6240.33%99.67%Net BuyingNet Buying
CELU
CELULARITY INC
United States
$58.13M19,378,1640.57%99.43%Net BuyingNet Selling
GYRE
GYRE THERAPEUTICS INC
United States
$1.22B85,510,1160.50%99.50%Net BuyingNet Buying
KALV
KALVISTA PHARMACEUTICALS INC
United States
$502.88M42,188,29654.17%45.83%Net Buying
CARA
CARA THERAPEUTICS INC
United States
$41.01M54,675,95443.18%53.39%Net SellingNet Selling
CMMB
CHEMOMAB THERAPEUTICS LTD
Israel
$11.96M284,379,9600.94%5.95%
KOD
KODIAK SCIENCES INC
United States
$173.37M52,534,94768.53%31.47%Net Selling
PRTG
PORTAGE BIOTECH INC
Canada
$5.06M19,778,00010.84%0.00%
RARE
ULTRAGENYX PHARMACEUTICAL INC
United States
$3.48B83,133,34183.24%16.76%Net SellingNet Selling
NEXI
NEXIMMUNE INC
United States
$4.57M1,371,0511.97%98.03%Net Selling
PHVS
PHARVARIS NV
Netherlands
$1.10B53,816,70778.83%0.00%
LIXT
LIXTE BIOTECHNOLOGY HOLDINGS INC
United States
$5.53M2,249,2902.45%97.55%Net Buying
GOVX
GEOVAX LABS INC
United States
$3.92M2,308,3090.09%99.91%Net BuyingNet Buying
SANA
SANA BIOTECHNOLOGY INC
United States
$1.93B221,502,90851.17%48.83%Net BuyingNet Selling
XTLB
XTL BIOPHARMACEUTICALS LTD
United States
$14.67M544,906,1490.05%20.78%
REVB
REVELATION BIOSCIENCES INC
United States
$3.30M1,632,9350.08%99.92%Net Selling
KYTX
KYVERNA THERAPEUTICS INC
United States
$664.84M43,115,24457.91%42.09%Net Buying
VIRX
VIRACTA THERAPEUTICS INC
United States
$31.69M39,272,4343.50%96.50%Net BuyingNet Selling
LXEO
LEXEO THERAPEUTICS INC
United States
$456.29M32,945,34170.17%20.74%Net BuyingNet Buying
ESLA
ESTRELLA IMMUNOPHARMA INC
United States
$36.92M36,376,2930.37%80.86%Net Selling
ENSC
ENSYSCE BIOSCIENCES INC
United States
$4.73M7,585,1723.95%56.03%
NAMS
NEWAMSTERDAM PHARMA CO NV
Netherlands
$1.81B89,976,53863.66%36.34%Net SellingNet Selling
BCDA
BIOCARDIA INC
United States
$10.70M27,304,1160.97%99.03%Net BuyingNet Buying
EDSA
EDESA BIOTECH INC
Canada
$14.63M3,215,9681.26%98.74%Net BuyingNet Buying
DARE
DARE BIOSCIENCE INC
United States
$49.03M101,092,9006.75%25.30%
NMRA
NEUMORA THERAPEUTICS INC
United States
$1.54B159,523,99724.67%75.33%Net Buying
TPST
TEMPEST THERAPEUTICS INC
United States
$70.65M22,217,2653.46%96.54%
NVCT
NUVECTIS PHARMA INC
United States
$112.89M18,356,0608.51%49.28%Net BuyingNet Buying
CRIS
CURIS INC
United States
$69.55M5,894,0853.52%96.48%
PROK
PROKIDNEY CORP
United States
$939.54M231,698,03911.59%36.21%Net SellingNet Buying
TCBP
TC BIOPHARM (HOLDINGS) PLC
United Kingdom
$5.59M98,902,6410.02%7.33%
VERU
VERU INC
United States
$193.23M146,383,92032.65%33.40%Net SellingNet Selling
MTNB
MATINAS BIOPHARMA HOLDINGS INC
United States
$42.64M250,816,16410.15%11.91%
AVBP
ARRIVENT BIOPHARMA INC
United States
$673.22M33,493,75065.24%31.26%Net Buying
APLM
APOLLOMICS INC
United States
$29.71M89,495,79010.33%0.00%
ANL
ADLAI NORTYE LTD
United States
$488.44M110,700,8050.05%0.00%
MURA
MURAL ONCOLOGY PLC
Ireland
$63.63M16,923,87871.45%2.66%
IMNN
IMUNON INC
United States
$13.16M9,400,8893.57%92.01%
CRGX
CARGO THERAPEUTICS INC
United States
$804.06M39,375,96372.14%27.86%Net Buying
PHIO
PHIO PHARMACEUTICALS CORP
United States
$3.61M4,591,7000.12%99.88%Net BuyingNet Buying
CLRB
CELLECTAR BIOSCIENCES INC
United States
$118.30M35,848,92425.47%11.43%
CKPT
CHECKPOINT THERAPEUTICS INC
United States
$69.28M36,850,27914.58%8.97%Net SellingNet Selling
VANI
VIVANI MEDICAL INC
United States
$109.68M54,978,4654.37%95.63%Net Buying
ANRO
ALTO NEUROSCIENCE INC
United States
$335.24M26,883,99059.01%24.97%Net BuyingNet Buying
SLRX
SALARIUS PHARMACEUTICALS INC
United States
$2.36M4,776,4331.63%98.37%
VCNX
VACCINEX INC
United States
$8.78M1,584,3004.32%95.68%Net BuyingNet Buying
CGON
CG ONCOLOGY INC
United States
$2.00B66,640,15058.18%16.44%Net Buying
CERE
CEREVEL THERAPEUTICS HOLDINGS INC
United States
$7.67B182,194,72226.70%73.30%Net BuyingNet Buying
CYBN
CYBIN INC
Canada
$143.93M411,216,13276.66%0.00%
CHRO
CHROMOCELL THERAPEUTICS CORP
United States
$10.09M5,766,7044.37%48.62%Net BuyingNet Buying
SCPX
SCORPIUS HOLDINGS INC
United States
$3.71M36,031,9646.16%24.28%
XLO
XILIO THERAPEUTICS INC
United States
$42.08M36,912,37329.79%68.66%Net BuyingNet Buying
ASMB
ASSEMBLY BIOSCIENCES INC
United States
$80.11M5,513,3082.24%97.76%Net BuyingNet Selling
INBX
INHIBRX INC
United States
$1.82B52,401,94171.38%28.62%Net Buying
CNTX
CONTEXT THERAPEUTICS INC
United States
$150.00M74,998,3125.25%1.54%
AKBA
AKEBIA THERAPEUTICS INC
United States
$241.04M209,596,37827.21%8.82%Net SellingNet Selling
ICCC
IMMUCELL CORP
United States
$37.58M7,811,87412.94%24.12%Net Buying
PTCT
PTC THERAPEUTICS INC
United States
$2.54B76,696,78585.81%14.19%Net SellingNet Selling
ADXN
ADDEX THERAPEUTICS LTD
Switzerland
$8.80M125,195,3930.00%0.00%
MBIO
MUSTANG BIO INC
United States
$3.90M12,514,8905.70%20.39%
KZIA
KAZIA THERAPEUTICS LTD
Australia
$7.43M263,615,4440.14%8.44%
SMMT
SUMMIT THERAPEUTICS INC
United Kingdom
$3.12B701,979,5967.06%92.92%Net BuyingNet Buying
MRSN
MERSANA THERAPEUTICS INC
United States
$334.05M122,361,23643.83%56.17%Net Selling
OMER
OMEROS CORP
United States
$199.91M57,944,15943.86%6.69%Net Buying
JAGX
JAGUAR HEALTH INC
United States
$76.53M295,474,3461.97%3.25%
RNAZ
TRANSCODE THERAPEUTICS INC
United States
$7.62M6,622,0535.46%52.39%Net Buying
IKT
INHIBIKASE THERAPEUTICS INC
United States
$11.20M6,476,8443.17%84.17%
AVTX
AVALO THERAPEUTICS INC
United States
$9.92M1,034,1300.11%99.89%Net Selling
EVAX
EVAXION BIOTECH A
Denmark
$14.10M37,897,7801.01%0.00%
TRVN
TREVENA INC
United States
$7.43M18,340,95311.24%88.76%Net Buying
CSBR
CHAMPIONS ONCOLOGY INC
United States
$63.89M13,593,7671.91%98.09%Net Buying
EYEN
EYENOVIA INC
United States
$40.40M53,870,76214.64%24.20%Net BuyingNet Buying
CTCX
CARMELL CORP
United States
$42.65M20,803,22811.04%54.68%Net Buying
BIVI
BIOVIE INC
United States
$30.02M61,018,60610.97%78.86%Net Selling
PSTV
PLUS THERAPEUTICS INC
United States
$12.78M5,704,2190.43%99.57%Net BuyingNet Buying
INTS
INTENSITY THERAPEUTICS INC
United States
$67.05M13,711,87711.91%14.62%
GUTS
FRACTYL HEALTH INC
United States
$338.15M47,896,90846.61%53.39%Net Buying
SLS
SELLAS LIFE SCIENCES GROUP INC
United States
$84.32M57,754,92813.29%13.12%Net Selling
FNCH
FINCH THERAPEUTICS GROUP INC
United States
$3.12M1,605,7630.73%99.27%Net SellingNet Selling
GANX
GAIN THERAPEUTICS INC
United States
$47.48M18,051,97910.34%1.89%Net BuyingNet Buying
ATXI
AVENUE THERAPEUTICS INC
United States
$3.51M940,98614.17%85.83%Net Buying
MGX
METAGENOMI INC
United States
$262.25M37,464,20133.76%32.96%Net Buying
MREO
MEREO BIOPHARMA GROUP PLC
United Kingdom
$448.87M701,363,48411.98%4.58%
COEP
COEPTIS THERAPEUTICS HOLDINGS INC
United States
$12.99M37,118,59312.69%39.87%Net Buying
MLEC
MOOLEC SCIENCE SA
Luxembourg
$45.08M37,563,7680.26%9.18%
EPRX
EUPRAXIA PHARMACEUTICALS INC
Canada
$104.73M35,622,5530.00%0.00%
NRXS
NEURAXIS INC
United States
$20.05M6,594,8971.13%39.99%Net Buying
CING
CINGULATE INC
United States
$4.85M6,046,4791.55%98.45%Net BuyingNet Buying
ANEB
ANEBULO PHARMACEUTICALS INC
United States
$59.65M25,933,21724.91%75.09%
PHGE
BIOMX INC
United States
$18.72M55,220,07724.98%56.80%Net BuyingNet Buying
BCAB
BIOATLA INC
United States
$136.17M48,115,91851.62%33.67%Net BuyingNet Selling
TELO
TELOMIR PHARMACEUTICALS INC
United States
$182.99M29,609,8140.27%16.90%Net Buying

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 67, which is 45 points higher than the biotech industry average of 22. It passed 22 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 14.93% over the past year, overperforming other biotech stocks by 35 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 44.77% from Corcept Therapeutics's current stock price of $28.09.

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 42 points higher than the biotech industry average of 22. It passed 20 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -11.54% over the past year, overperforming other biotech stocks by 8 percentage points.

Incyte has an average 1 year price target of $74.92, an upside of 31.21% from Incyte's current stock price of $57.10.

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. Harmony Biosciences Holdings (NASDAQ:HRMY)


Harmony Biosciences Holdings (NASDAQ:HRMY) is the third best biotech stock with a Zen Score of 62, which is 40 points higher than the biotech industry average of 22. It passed 21 out of 33 due diligence checks and has strong fundamentals. Harmony Biosciences Holdings has seen its stock lose -18.29% over the past year, overperforming other biotech stocks by 1 percentage points.

Harmony Biosciences Holdings has an average 1 year price target of $39.80, an upside of 37.1% from Harmony Biosciences Holdings's current stock price of $29.03.

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

What are the biotech stocks with highest dividends?

Out of 2 biotech stocks that have issued dividends in the past year, the 2 biotech stocks with the highest dividend yields are:

1. Novo Nordisk A S (NYSE:NVO)


Novo Nordisk A S (NYSE:NVO) has an annual dividend yield of 1.04%, which is the same as the biotech industry average of 0.72%. 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.

2. Bio Techne (NASDAQ:TECH)


Bio Techne (NASDAQ:TECH) has an annual dividend yield of 0.38%, which is the same as the biotech industry average of 0.72%. 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 25.2% indicates that its dividend yield is sustainable for the long-term.

Why are biotech stocks down?

Biotech stocks were down -0.7% in the last day, and up 1.84% over the last week. Jaguar Health was the among the top losers in the biotechnology industry, dropping -9.76% yesterday.

Jaguar Health shares are trading lower after the company announced a 1-for-60 reverse stock split.

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 -11.54% in the past year. It has overperformed other stocks in the biotech industry by 8 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 -17.24% in the past year. It has overperformed other stocks in the biotech industry by 2 percentage points.

3. Corcept Therapeutics (NASDAQ:CORT)


Corcept Therapeutics (NASDAQ:CORT) is the third most undervalued biotech stock based on WallStreetZen's Valuation Score. Corcept Therapeutics 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.

Corcept Therapeutics's stock has gained 14.93% in the past year. It has overperformed other stocks in the biotech industry by 35 percentage points.

Are biotech stocks a good buy now?

51.92% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 77.73% 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 8.47x.
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.