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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
Price
Volume
Vol 1d %
SMA 10
SMA 20
SMA 50
SMA 100
SMA 200
RSI
Stochastic %K
Stochastic %D
StochRSI %K
StochRSI %D
MACD
MACD Signal
MACD Histogram
Beta
GRI
GRI BIO INC
$0.4185,873150.34%0.430.480.651.356.6223.457.878.816.414.27-0.08-0.090.010.80
SANA
SANA BIOTECHNOLOGY INC
$10.443,304,866121.16%8.988.809.177.355.8967.1591.4185.15100.0098.690.21-0.000.222.14
FWBI
FIRST WAVE BIOPHARMA INC
$2.6045,783-4.46%2.813.014.564.635.9233.5829.4328.0084.4677.50-0.46-0.510.060.71
MBIO
MUSTANG BIO INC
$0.32164,316-32.79%0.310.390.831.091.8430.3626.3516.4791.4666.89-0.16-0.180.021.52
PHGE
BIOMX INC
$0.38146,9191.29%0.380.350.340.300.3353.7862.4874.1759.7176.880.020.010.010.39
VINC
VINCERX PHARMA INC
$0.88309,59923.55%0.871.103.822.561.7233.0270.3360.6595.0697.10-0.85-0.950.100.45
ARWR
ARROWHEAD PHARMACEUTICALS INC
$24.44630,822-28.82%23.2523.7727.3929.6128.7448.4867.2051.38100.0096.36-1.05-1.380.331.34
PMN
PROMIS NEUROSCIENCES INC
$1.962,280-50.25%1.992.092.041.891.9446.4355.8349.3546.4137.24-0.03-0.02-0.010.50
TELO
TELOMIR PHARMACEUTICALS INC
$6.2014,396302.35%6.587.297.20N/AN/A43.8828.8332.4631.3533.76-0.16-0.08-0.08-0.83
CTCX
CARMELL CORP
$2.206,951325.66%6.926.383.712.531.7878.7594.0384.94100.0082.821.241.060.180.05
ANEB
ANEBULO PHARMACEUTICALS INC
$2.953,614-57.36%2.842.852.752.602.6155.5257.9750.5378.6173.380.060.040.020.47
ABVC
ABVC BIOPHARMA INC
$1.08413,38640.79%17.4717.7419.9923.1721.1843.6356.8151.6589.3690.30-0.61-0.820.210.41
APTO
APTOSE BIOSCIENCES INC
$1.2030,799-3.85%1.211.271.481.832.5335.3421.0019.9383.4978.03-0.09-0.100.010.88
ERNA
ETERNA THERAPEUTICS INC
$1.8610,996296.25%1.832.012.071.871.9242.2024.7523.2334.9025.70-0.11-0.07-0.030.88
AEON
AEON BIOPHARMA INC
$1.70909,0461,217.48%3.885.599.328.517.1322.903.572.9817.9724.87-1.80-1.63-0.170.01
EFTR
EFFECTOR THERAPEUTICS INC
$2.20144,53833.05%2.012.038.469.6912.6031.8279.2878.2295.9596.83-1.77-2.170.401.00
CRBP
CORBUS PHARMACEUTICALS HOLDINGS INC
$38.77134,675-4.38%36.5637.9537.5625.3515.6954.0846.6041.4460.2048.680.020.10-0.081.35
SER
SERINA THERAPEUTICS INC
$8.302,255526.39%9.2110.2112.2712.9618.0932.916.817.670.000.00-1.05-0.96-0.090.96
KA
KINETA INC
$0.5967,15218.32%0.600.520.731.892.4146.8057.4756.7371.6172.85-0.05-0.080.030.85
JAGX
JAGUAR HEALTH INC
$0.32140,410,213-20.32%0.210.170.110.120.2583.3782.5278.9199.7696.560.050.030.010.74
NVAX
NOVAVAX INC
$4.934,639,34727.11%4.344.254.724.635.9065.2392.3085.41100.00100.000.01-0.110.121.14
PSTV
PLUS THERAPEUTICS INC
$1.803,705-92.82%1.701.741.811.891.8653.5362.3654.9394.2985.17-0.02-0.040.021.28
ARMP
ARMATA PHARMACEUTICALS INC
$2.496,133-10.64%2.542.833.353.323.0035.5218.0118.7063.3760.39-0.28-0.27-0.010.36
ASLN
ASLAN PHARMACEUTICALS LTD
$0.45291,45556.86%0.450.490.590.571.1042.3121.7223.0052.4054.93-0.04-0.040.000.77
ATRA
ATARA BIOTHERAPEUTICS INC
$0.67735,786-66.57%0.690.700.710.691.0544.9334.4440.3826.0039.83-0.01-0.01-0.001.65
ZVSA
ZYVERSA THERAPEUTICS INC
$5.45374,52984.00%5.606.147.557.3625.4940.8138.4932.8478.1165.48-0.55-0.55-0.000.45
DRMA
DERMATA THERAPEUTICS INC
$0.3420,489-33.86%11.5311.4111.2011.0310.8663.3962.3663.4679.8376.230.130.100.030.98
ENGN
ENGENE HOLDINGS INC
$15.51222,55768.52%15.3415.4716.1712.4311.7448.9566.5870.5782.7590.69-0.13-0.160.03-0.03
ACXP
ACURX PHARMACEUTICALS INC
$2.1732,52427.38%2.101.982.332.992.8952.2777.7879.5691.2794.03-0.03-0.090.060.45
EPRX
EUPRAXIA PHARMACEUTICALS INC
$2.948,73060.33%2.842.78N/AN/AN/A55.8053.0644.26N/AN/AN/AN/AN/A0.33
MAIA
MAIA BIOTECHNOLOGY INC
$3.28405,25471.57%2.852.542.061.681.7770.4872.7869.2875.3673.390.300.230.070.40
IBIO
IBIO INC
$1.99173,920-71.65%1.831.901.721.474.0453.4160.9041.9789.1763.170.000.01-0.010.28
GRTX
GALERA THERAPEUTICS INC
$0.192,244,98732.03%0.190.180.200.180.3550.0248.3947.0760.1764.240.00-0.000.000.88
CVM
CEL SCI CORP
$1.63381,763186.40%1.471.541.832.231.9350.4437.3223.7484.8769.49-0.10-0.130.030.92
YS
YS BIOPHARMA CO LTD
$0.7414,831-41.40%0.770.810.700.580.7247.0016.1514.6215.4912.120.000.02-0.020.06
HUMA
HUMACYTE INC
$4.41802,387-17.58%4.063.603.513.333.1371.6490.4588.10100.0095.160.280.180.111.13
ELTX
ELICIO THERAPEUTICS INC
$8.9862,943144.33%9.149.117.106.197.0556.3843.0042.915.828.310.480.64-0.161.37
RANI
RANI THERAPEUTICS HOLDINGS INC
$7.15477,35447.32%17.9018.0718.7918.8818.0548.8668.6753.75100.0093.59-0.23-0.310.080.82
HCWB
HCW BIOLOGICS INC
$1.335,75133.81%10.8210.8010.7710.7210.6158.2217.7423.0551.1367.580.020.020.000.50
KPRX
KIORA PHARMACEUTICALS INC
$0.5184,39759.06%0.510.530.590.590.5845.2943.7438.9884.3375.93-0.02-0.030.000.76
ICCC
IMMUCELL CORP
$5.035,994-42.44%5.045.085.155.075.0346.1550.0043.5951.2040.07-0.04-0.03-0.000.14
ALZN
ALZAMEND NEURO INC
$0.7318,974-24.90%0.710.760.900.912.1839.8134.1328.4591.2677.41-0.05-0.060.011.03
CING
CINGULATE INC
$0.97164,810-28.73%0.930.921.052.356.4647.3378.6976.6587.4295.44-0.04-0.080.040.82
QLGN
QUALIGEN THERAPEUTICS INC
$0.30231,201220.40%0.300.320.380.450.6939.2134.6224.8985.8878.83-0.03-0.030.000.27
OTLK
OUTLOOK THERAPEUTICS INC
$8.60101,285-50.06%8.478.638.498.3011.1550.0049.2257.6141.9155.77-0.02-0.02-0.000.89
UNCY
UNICYCIVE THERAPEUTICS INC
$1.12168,639-29.44%0.130.110.120.100.1949.3662.0663.1260.5362.020.00-0.000.000.66
ACHV
ACHIEVE LIFE SCIENCES INC
$4.7476,06682.86%4.554.494.474.354.5660.1576.7366.1186.5564.550.040.020.020.80
ENSC
ENSYSCE BIOSCIENCES INC
$0.56153,69161.89%0.570.630.740.961.2232.3424.0426.0378.4978.74-0.06-0.060.000.41
BCLI
BRAINSTORM CELL THERAPEUTICS INC
$0.38539,629-59.03%0.480.530.480.390.6037.0118.1920.4126.1223.62-0.03-0.00-0.020.68
CLRB
CELLECTAR BIOSCIENCES INC
$3.42510,028-20.61%3.153.283.603.422.8252.4459.4239.7094.4572.85-0.11-0.150.030.91
NRXP
NRX PHARMACEUTICALS INC
$2.10267,4826.28%2.833.734.494.373.7329.285.307.861.744.89-0.69-0.53-0.160.49
SKYE
SKYE BIOSCIENCE INC
$13.0234,86322.55%13.2311.904.85N/AN/A69.889.2520.421.584.172.593.07-0.4878.33
CHRO
CHROMOCELL THERAPEUTICS CORP
$1.7715,299237.28%1.631.732.58N/AN/A42.5857.4353.5497.2497.98-0.27-0.360.090.12
VCNX
VACCINEX INC
$6.052,734-33.28%5.675.747.067.9918.8447.5367.2062.6897.4298.71-0.33-0.520.190.41
PTN
PALATIN TECHNOLOGIES INC
$2.11550,103-14.54%1.841.881.922.662.3559.8775.2661.83100.0090.09-0.00-0.050.051.27
NRSN
NEUROSENSE THERAPEUTICS LTD
$1.33136,59231.31%1.301.461.631.321.0642.0427.5727.3039.1836.89-0.10-0.09-0.020.59
ALLR
ALLARITY THERAPEUTICS INC
$1.007,329,615-92.15%1.341.854.937.2515.2214.334.534.1981.9282.00-1.10-1.230.141.11
SLS
SELLAS LIFE SCIENCES GROUP INC
$1.33773,303-37.12%1.411.411.251.011.1649.7433.3325.6522.2515.140.030.06-0.030.91
CNSP
CNS PHARMACEUTICALS INC
$0.2284,084-24.59%0.210.220.300.551.1639.0145.2238.3998.3696.55-0.03-0.030.010.73
AKTX
AKARI THERAPEUTICS PLC
$1.3620,479-46.50%1.331.271.712.222.9546.3255.2170.9576.6488.94-0.07-0.130.070.50
IVA
INVENTIVA SA
$3.3015,507260.21%3.233.393.613.833.8745.5837.6624.2985.9858.58-0.13-0.130.000.22
BCTX
BRIACELL THERAPEUTICS CORP
$2.2628,64939.52%2.212.332.713.484.6043.5141.0627.1987.3074.63-0.16-0.190.031.13
VTVT
VTV THERAPEUTICS INC
$23.639,457-61.00%25.9025.3221.4515.3817.4346.9536.7259.8729.3859.791.091.51-0.420.70
KTRA
KINTARA THERAPEUTICS INC
$0.152,800,768-19.75%0.150.130.110.131.5758.0054.2655.9167.1373.020.010.010.000.71
ANVS
ANNOVIS BIO INC
$5.18606,311-9.06%9.7310.3010.1611.1110.5036.783.194.614.615.41-1.10-0.29-0.811.07
OKYO
OKYO PHARMA LTD
$1.5210,010-66.41%1.461.431.451.541.6656.6982.1077.0093.8197.020.02-0.000.020.39
CDT
CONDUIT PHARMACEUTICALS INC
$3.0014,19436.59%3.083.113.143.555.0845.8017.4123.2424.6427.54-0.06-0.04-0.020.20
RNXT
RENOVORX INC
$1.2222,30766.99%1.221.211.371.321.3346.8647.6244.4481.3080.50-0.03-0.040.010.94
RVPH
REVIVA PHARMACEUTICALS HOLDINGS INC
$3.20109,31822.76%3.073.263.413.844.2047.5345.7532.3983.0061.81-0.10-0.120.020.31
ATNF
180 LIFE SCIENCES CORP
$2.0011,305-46.28%1.921.992.673.277.0645.0867.1964.5882.4488.14-0.18-0.250.070.49
GALT
GALECTIN THERAPEUTICS INC
$3.34157,716-36.99%3.403.562.762.242.0452.9845.6446.0822.3122.530.170.23-0.071.05
ONCO
ONCONETIX INC
$0.12537,181103.01%0.120.130.150.170.3939.5935.9728.9652.8735.48-0.01-0.010.000.73
SCNI
SCINAI IMMUNOTHERAPEUTICS LTD
$0.473,817-65.39%0.460.470.490.530.7548.7244.4735.0065.0353.20-0.01-0.010.000.92
INKT
MINK THERAPEUTICS INC
$0.9828,781-24.68%0.930.960.960.961.1352.1471.9363.0581.0684.54-0.01-0.010.010.82
ICU
SEASTAR MEDICAL HOLDING CORP
$0.452,461,04940.65%0.480.560.690.690.5838.6124.0524.8958.1359.75-0.07-0.07-0.000.00
NLSP
NLS PHARMACEUTICS LTD
$0.1467,139-48.79%0.130.140.220.350.5535.1358.2254.1487.9487.87-0.02-0.030.010.37
OCEA
OCEAN BIOMEDICAL INC
$1.47126,586-58.51%1.431.772.881.742.3836.5722.9019.4694.0086.59-0.41-0.420.010.08
CLDI
CALIDI BIOTHERAPEUTICS INC
$0.20494,81112.55%0.180.300.510.863.0736.1916.2011.3647.7629.91-0.10-0.110.010.04
TVGN
TEVOGEN BIO HOLDINGS INC
$0.9773,803-13.79%1.161.754.056.628.7322.3910.2010.1332.3231.25-0.86-0.920.060.04
NKGN
NKGEN BIOTECH INC
$1.43209,427-14.11%1.601.391.551.974.3548.0345.1849.3155.3659.04-0.03-0.040.010.32
PBM
PSYENCE BIOMEDICAL LTD
$1.16917,271-52.47%0.950.880.993.717.4556.9472.8072.3293.6493.77-0.01-0.090.08-0.23

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.