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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)
GRI
GRI BIO INC
United States
$1.31M3,196,4886.80%86.05%
SANA
SANA BIOTECHNOLOGY INC
United States
$2.30B220,447,55747.20%52.80%Net BuyingNet Buying
FWBI
FIRST WAVE BIOPHARMA INC
United States
$5.27M2,025,1990.08%99.92%Net SellingNet Selling
MBIO
MUSTANG BIO INC
United States
$3.30M10,390,1329.95%24.56%
PHGE
BIOMX INC
United States
$21.20M55,220,07714.70%48.14%Net Buying
VINC
VINCERX PHARMA INC
United States
$18.78M21,413,38945.80%53.71%Net Buying
ARWR
ARROWHEAD PHARMACEUTICALS INC
United States
$3.03B123,896,91462.55%10.70%Net SellingNet Selling
PMN
PROMIS NEUROSCIENCES INC
Canada
$37.16M18,961,11617.66%24.49%
TELO
TELOMIR PHARMACEUTICALS INC
United States
$183.58M29,609,8140.00%16.90%Net BuyingNet Buying
CTCX
CARMELL CORP
United States
$42.34M19,245,24811.98%59.11%Net Buying
ANEB
ANEBULO PHARMACEUTICALS INC
United States
$76.50M25,933,21724.84%75.16%
ABVC
ABVC BIOPHARMA INC
United States
$11.41M10,560,4210.52%99.48%
APTO
APTOSE BIOSCIENCES INC
Canada
$18.86M15,717,7017.58%67.78%Net Buying
ERNA
ETERNA THERAPEUTICS INC
United States
$10.04M5,410,3310.91%99.09%Net Selling
AEON
AEON BIOPHARMA INC
United States
$64.24M37,788,85822.93%61.40%Net Selling
EFTR
EFFECTOR THERAPEUTICS INC
United States
$8.11M3,687,30918.84%81.16%Net Selling
CRBP
CORBUS PHARMACEUTICALS HOLDINGS INC
United States
$406.82M10,493,1085.76%94.24%Net BuyingNet Buying
SER
SERINA THERAPEUTICS INC
United States
$20.76M2,500,66412.90%87.10%
KA
KINETA INC
United States
$6.47M10,962,4603.76%96.24%Net BuyingNet Buying
JAGX
JAGUAR HEALTH INC
United States
$87.84M276,216,2600.45%3.48%
NVAX
NOVAVAX INC
United States
$689.97M139,953,14355.43%19.60%Net SellingNet Selling
PSTV
PLUS THERAPEUTICS INC
United States
$7.70M4,276,0820.60%99.40%Net Buying
ARMP
ARMATA PHARMACEUTICALS INC
United States
$90.01M36,148,5391.55%98.45%
ASLN
ASLAN PHARMACEUTICALS LTD
Singapore
$7.87M439,926,4800.79%0.00%
ATRA
ATARA BIOTHERAPEUTICS INC
United States
$79.97M119,359,23054.24%11.13%Net BuyingNet Selling
ZVSA
ZYVERSA THERAPEUTICS INC
United States
$4.14M759,4864.63%95.37%
DRMA
DERMATA THERAPEUTICS INC
United States
$2.24M6,660,8404.01%95.99%
ENGN
ENGENE HOLDINGS INC
Canada
$675.95M43,581,33132.55%27.91%Net BuyingNet Buying
ACXP
ACURX PHARMACEUTICALS INC
United States
$34.19M15,757,1026.93%15.26%Net Buying
EPRX
EUPRAXIA PHARMACEUTICALS INC
Canada
N/A27,282,1650.00%0.00%
MAIA
MAIA BIOTECHNOLOGY INC
United States
$65.61M20,002,8264.02%22.12%Net BuyingNet Buying
IBIO
IBIO INC
United States
$6.93M3,484,2660.72%99.28%Net Selling
GRTX
GALERA THERAPEUTICS INC
United States
$10.12M54,392,17023.78%62.30%Net SellingNet Selling
CVM
CEL SCI CORP
United States
$81.67M50,104,23112.96%43.81%Net BuyingNet Buying
YS
YS BIOPHARMA CO LTD
China
$68.68M93,058,19710.08%0.00%
HUMA
HUMACYTE INC
United States
$525.16M119,083,72814.97%36.38%Net Selling
ELTX
ELICIO THERAPEUTICS INC
United States
$91.91M10,235,4693.25%92.54%Net Buying
RANI
RANI THERAPEUTICS HOLDINGS INC
United States
$358.62M50,157,2925.88%51.66%Net Buying
HCWB
HCW BIOLOGICS INC
United States
$50.31M37,823,3942.82%47.89%Net BuyingNet Buying
KPRX
KIORA PHARMACEUTICALS INC
United States
$13.47M26,256,1971.15%47.24%
ICCC
IMMUCELL CORP
United States
$38.99M7,750,86413.45%24.31%Net Buying
ALZN
ALZAMEND NEURO INC
United States
$4.99M6,866,8460.97%99.03%Net BuyingNet Buying
CING
CINGULATE INC
United States
$4.84M5,010,4710.05%99.95%Net BuyingNet Buying
QLGN
QUALIGEN THERAPEUTICS INC
United States
$1.90M6,307,3710.87%99.13%
OTLK
OUTLOOK THERAPEUTICS INC
United States
$111.91M13,012,87613.26%86.74%Net BuyingNet Buying
UNCY
UNICYCIVE THERAPEUTICS INC
United States
$38.93M34,756,43637.49%18.00%
ACHV
ACHIEVE LIFE SCIENCES INC
United States
$162.18M34,251,9117.96%27.78%Net BuyingNet Selling
ENSC
ENSYSCE BIOSCIENCES INC
United States
$4.11M7,329,1720.72%57.99%
BCLI
BRAINSTORM CELL THERAPEUTICS INC
United States
$25.97M68,341,8575.79%54.09%Net BuyingNet Buying
CLRB
CELLECTAR BIOSCIENCES INC
United States
$110.33M32,260,51026.67%12.70%
NRXP
NRX PHARMACEUTICALS INC
United States
$20.10M9,569,9786.23%93.77%Net Buying
SKYE
SKYE BIOSCIENCE INC
United States
N/A28,062,9070.00%100.00%Net BuyingNet Buying
CHRO
CHROMOCELL THERAPEUTICS CORP
United States
$10.40M5,877,8350.00%47.70%Net BuyingNet Buying
VCNX
VACCINEX INC
United States
$7.45M1,231,60218.31%81.69%Net BuyingNet Buying
PTN
PALATIN TECHNOLOGIES INC
United States
$34.05M16,136,6408.26%91.74%Net SellingNet Selling
NRSN
NEUROSENSE THERAPEUTICS LTD
Israel
$20.45M15,379,0420.92%0.00%
ALLR
ALLARITY THERAPEUTICS INC
United States
$308.95k308,9454.41%95.59%
SLS
SELLAS LIFE SCIENCES GROUP INC
United States
$74.84M56,267,6706.21%13.47%Net Selling
CNSP
CNS PHARMACEUTICALS INC
United States
$2.35M10,634,9322.97%5.30%Net Buying
AKTX
AKARI THERAPEUTICS PLC
United States
$21.55M15,847,391,5230.00%59.09%
IVA
INVENTIVA SA
France
$171.98M52,115,8079.33%0.00%
BCTX
BRIACELL THERAPEUTICS CORP
Canada
$36.12M15,981,72615.42%12.34%
VTVT
VTV THERAPEUTICS INC
United States
$71.13M3,010,2060.11%99.89%Net BuyingNet Buying
KTRA
KINTARA THERAPEUTICS INC
United States
$5.89M39,037,8990.62%27.90%
ANVS
ANNOVIS BIO INC
United States
$57.04M11,011,29910.94%26.91%Net Buying
OKYO
OKYO PHARMA LTD
United Kingdom
$38.84M25,553,2740.15%99.85%Net Buying
CDT
CONDUIT PHARMACEUTICALS INC
United States
$221.49M73,829,5361.86%73.61%
RNXT
RENOVORX INC
United States
$20.58M16,865,9751.96%20.25%Net Buying
RVPH
REVIVA PHARMACEUTICALS HOLDINGS INC
United States
$89.34M27,918,56018.78%38.25%
ATNF
180 LIFE SCIENCES CORP
United States
$1.71M852,7727.45%92.55%Net Buying
GALT
GALECTIN THERAPEUTICS INC
United States
$206.76M61,903,6728.36%91.64%Net BuyingNet Selling
ONCO
ONCONETIX INC
United States
$2.75M22,327,70110.85%21.37%
SCNI
SCINAI IMMUNOTHERAPEUTICS LTD
Israel
$2.03M1,453,970,7840.03%0.05%
INKT
MINK THERAPEUTICS INC
United States
$34.01M34,699,0562.85%72.02%Net BuyingNet Buying
ICU
SEASTAR MEDICAL HOLDING CORP
United States
$33.86M75,419,4581.23%19.86%Net Buying
NLSP
NLS PHARMACEUTICS LTD
Switzerland
$4.92M35,671,78016.35%0.00%
OCEA
OCEAN BIOMEDICAL INC
United States
$50.20M34,149,04613.42%75.32%
CLDI
CALIDI BIOTHERAPEUTICS INC
United States
$7.00M35,538,0345.35%49.17%Net SellingNet Buying
TVGN
TEVOGEN BIO HOLDINGS INC
United States
$159.68M164,614,4181.46%96.20%Net Selling
NKGN
NKGEN BIOTECH INC
United States
$32.61M22,805,64315.84%84.16%Net Buying
PBM
PSYENCE BIOMEDICAL LTD
Canada
$15.53M13,390,6593.69%66.53%Net 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.