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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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

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
NAUT	NAUTILUS BIOTECHNOLOGY INC	$2.54	190,123	258.40%	2.45	2.53	2.64	2.82	2.91	49.28	46.68	36.17	96.54	75.68	-0.06	-0.07	0.01	1.38
ELYM	ELIEM THERAPEUTICS INC	$7.09	3,974,088	149.30%	4.58	4.89	5.26	5.54	5.31	30.69	9.17	7.33	21.99	14.28	-0.24	-0.21	-0.03	0.52
CELC	CELCUITY INC	$15.77	121,169	-60.49%	16.59	17.90	17.65	16.22	13.32	36.53	24.17	18.71	6.77	7.00	-0.61	-0.29	-0.31	0.82
BCRX	BIOCRYST PHARMACEUTICALS INC	$4.13	2,862,868	-5.36%	4.32	4.53	5.01	5.44	5.98	32.07	13.86	12.43	11.51	6.63	-0.24	-0.22	-0.02	1.27
SLNO	SOLENO THERAPEUTICS INC	$44.66	809,417	-76.89%	39.50	39.59	43.10	42.75	28.83	60.56	41.53	34.18	83.99	72.19	-0.27	-1.15	0.88	0.58
CDTX	CIDARA THERAPEUTICS INC	$11.98	74,157	-33.79%	12.53	15.65	15.15	14.86	16.39	39.09	22.56	21.63	44.61	38.69	-1.24	-0.80	-0.44	0.77
WVE	WAVE LIFE SCIENCES LTD	$4.93	494,822	-1.78%	4.86	5.34	5.54	5.08	5.07	41.67	11.60	9.97	24.73	18.29	-0.25	-0.19	-0.06	1.12
GPCR	STRUCTURE THERAPEUTICS INC	$39.44	707,077	286.51%	1.12	1.07	1.12	1.37	1.27	55.16	84.03	90.74	86.86	95.62	0.08	-0.01	0.09	0.85
PTIX	PROTAGENIC THERAPEUTICS INC	$1.38	3,566	-22.73%	1.42	1.48	1.33	1.11	1.27	47.04	36.73	47.24	35.92	49.99	0.01	0.03	-0.02	0.17
VOR	VOR BIOPHARMA INC	$1.72	112,346	-46.75%	1.74	1.87	1.99	2.14	2.25	41.10	15.09	12.51	42.50	34.06	-0.09	-0.09	-0.01	1.22
SNPX	SYNAPTOGENIX INC	$4.74	220,669	905.69%	4.54	4.65	4.78	5.31	8.11	51.77	35.51	23.79	62.74	41.64	-0.07	-0.08	0.01	1.14
ACLX	ARCELLX INC	$50.02	459,931	18.56%	52.34	56.08	63.31	60.31	49.19	28.93	12.02	14.60	49.31	52.43	-3.86	-3.53	-0.32	0.86
EPIX	ESSA PHARMA INC	$6.43	10,287	-93.03%	6.39	7.16	8.15	7.97	5.79	34.03	21.07	14.15	17.55	6.95	-0.63	-0.58	-0.06	0.82
NUVB	NUVATION BIO INC	$2.99	1,534,391	24.73%	2.71	2.94	2.60	2.07	1.77	56.59	51.76	33.59	69.21	40.81	0.02	0.05	-0.03	1.11
THRD	THIRD HARMONIC BIO INC	$11.14	103,403	57.30%	11.20	11.15	10.21	10.14	8.35	54.46	40.15	35.40	23.57	16.16	0.30	0.39	-0.09	0.79
TYRA	TYRA BIOSCIENCES INC	$17.10	71,806	-38.85%	15.63	15.94	17.33	15.87	14.82	57.14	65.90	49.87	92.24	78.65	-0.23	-0.47	0.23	1.50
TNGX	TANGO THERAPEUTICS INC	$7.70	651,508	50.26%	7.53	7.51	8.89	9.86	8.60	46.14	72.37	64.41	82.47	76.02	-0.29	-0.43	0.14	1.05
SCPH	SCPHARMACEUTICALS INC	$4.47	184,913	-4.71%	4.51	4.74	5.20	5.48	6.11	40.53	29.92	25.71	47.05	34.05	-0.20	-0.20	0.00	1.01
MTNB	MATINAS BIOPHARMA HOLDINGS INC	$0.19	1,112,801	38.50%	0.18	0.20	0.24	0.23	0.23	38.96	18.80	14.98	38.14	20.46	-0.02	-0.02	-0.00	1.07
GNLX	GENELUX CORP	$3.11	107,535	-1.11%	3.49	3.94	5.51	8.74	14.70	27.81	9.35	11.72	58.24	61.10	-0.73	-0.76	0.03	1.31
ONVO	ORGANOVO HOLDINGS INC	$1.07	65,023	-41.78%	1.05	1.06	1.04	1.06	1.21	51.78	7.46	4.33	13.60	6.93	-0.00	0.00	-0.01	1.05
AFMD	AFFIMED NV	$5.35	79,869	-21.95%	5.14	5.60	5.56	5.45	5.13	48.51	46.98	32.71	62.74	37.02	-0.14	-0.11	-0.02	1.26
ABVX	ABIVAX SA	$15.00	47,390	-47.75%	10.12	10.12	10.18	10.21	N/A	43.53	39.08	52.87	46.67	58.58	-0.02	-0.02	0.00	0.52
CTMX	CYTOMX THERAPEUTICS INC	$1.63	341,417	-14.56%	1.66	1.86	2.05	1.79	1.60	31.43	4.41	3.11	8.33	3.70	-0.13	-0.11	-0.03	1.25
RGNX	REGENXBIO INC	$15.35	364,811	23.96%	16.01	17.42	19.70	18.04	17.76	26.27	15.59	18.68	30.26	33.41	-1.21	-1.08	-0.12	1.28
INMB	INMUNE BIO INC	$11.84	441,452	72.18%	10.27	10.26	11.30	11.46	9.64	59.30	86.00	85.53	100.00	100.00	0.01	-0.31	0.32	1.03
ORGS	ORGENESIS INC	$0.51	25,999	-45.63%	0.51	0.51	0.65	0.52	0.64	42.67	12.36	11.27	52.54	58.49	-0.04	-0.04	0.00	0.82
IOVA	IOVANCE BIOTHERAPEUTICS INC	$11.78	4,417,115	-3.04%	11.67	12.30	14.08	11.11	8.28	41.47	36.17	30.56	69.22	56.77	-0.55	-0.56	0.01	1.29
RCUS	ARCUS BIOSCIENCES INC	$15.23	552,766	-11.48%	15.10	16.03	17.38	17.09	17.45	42.11	39.74	35.48	72.08	61.20	-0.61	-0.61	0.00	1.35
APLS	APELLIS PHARMACEUTICALS INC	$44.19	6,613,186	463.73%	47.92	51.24	57.13	60.35	51.06	30.54	24.40	22.64	41.82	47.23	-2.97	-2.77	-0.20	1.02
PRAX	PRAXIS PRECISION MEDICINES INC	$54.87	200,571	56.15%	51.14	51.86	52.15	42.05	30.24	54.88	84.68	78.63	92.49	92.20	0.37	-0.10	0.47	1.17
IBRX	IMMUNITYBIO INC	$7.99	14,697,649	-77.70%	6.01	5.84	5.39	4.75	3.52	64.25	72.23	57.48	90.03	69.57	0.51	0.19	0.32	1.78
SYBX	SYNLOGIC INC	$1.79	20,569	154.82%	1.85	1.82	1.83	2.57	3.61	43.90	53.52	59.95	58.29	69.82	-0.01	-0.02	0.01	1.20
LEXX	LEXARIA BIOSCIENCE CORP	$3.09	646,792	422.40%	2.36	2.52	3.14	2.36	1.72	57.79	67.80	47.61	100.00	82.68	-0.19	-0.26	0.07	0.65
FBIO	FORTRESS BIOTECH INC	$1.67	92,163	-21.79%	1.75	1.80	1.91	2.13	3.43	36.65	14.94	20.84	0.00	6.02	-0.06	-0.05	-0.01	1.34
AUTL	AUTOLUS THERAPEUTICS PLC	$3.68	3,571,963	-30.68%	4.30	4.78	5.50	5.77	4.42	19.01	2.44	3.47	0.00	0.00	-0.51	-0.41	-0.10	1.01
OABI	OMNIAB INC	$4.44	326,601	-16.25%	0.48	0.51	0.74	0.95	5.57	58.15	41.88	25.54	84.99	76.34	-0.06	-0.09	0.03	0.21
ELAB	ELEVAI LABS INC	$0.70	128,895	-76.10%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.93
CDXC	CHROMADEX CORP	$3.54	145,614	-8.73%	3.51	3.77	2.92	2.19	1.84	52.29	46.76	40.67	41.50	35.82	0.10	0.19	-0.10	0.93
MGX	METAGENOMI INC	$7.02	86,690	-31.19%	21.05	21.29	21.61	N/A	N/A	61.95	83.55	65.98	97.63	84.39	0.08	-0.23	0.31	3.07
ADAP	ADAPTIMMUNE THERAPEUTICS PLC	$1.19	655,747	-42.83%	1.06	1.16	1.37	1.09	0.90	49.47	55.15	45.43	92.36	83.47	-0.07	-0.09	0.01	1.26
PRQR	PROQR THERAPEUTICS NV	$1.94	43,198	-85.78%	1.96	2.07	2.13	2.11	1.78	41.26	24.53	24.23	31.55	30.01	-0.07	-0.06	-0.01	0.91
PHAT	PHATHOM PHARMACEUTICALS INC	$9.03	413,591	-4.02%	9.21	9.97	9.82	8.85	10.09	42.12	13.11	12.37	14.17	11.16	-0.21	-0.07	-0.14	1.36
HRTX	HERON THERAPEUTICS INC	$2.32	2,328,295	25.18%	2.60	2.69	2.72	2.41	1.80	35.89	4.30	7.74	4.08	5.78	-0.07	-0.02	-0.05	1.31
FTRE	FORTREA HOLDINGS INC	$36.59	1,004,912	105.72%	2.59	2.66	2.61	2.60	2.68	43.00	35.90	30.77	49.85	39.55	-0.02	-0.01	-0.01	1.20
APVO	APTEVO THERAPEUTICS INC	$0.71	114,155	-74.51%	0.72	1.54	3.86	5.62	12.09	23.24	4.99	2.37	45.14	23.39	-0.98	-1.07	0.09	1.02
INTS	INTENSITY THERAPEUTICS INC	$3.90	3,640	-64.76%	27.28	27.32	26.62	23.98	20.94	51.09	78.30	80.04	75.59	83.88	0.26	0.29	-0.03	1.30
ADTX	ADITXT INC	$2.41	8,423	-73.96%	2.37	2.70	3.15	3.80	8.27	38.38	22.59	23.33	50.84	48.46	-0.25	-0.26	0.01	0.70
CTNM	CONTINEUM THERAPEUTICS INC	$15.60	88,111	163.56%	2.79	N/A	N/A	N/A	N/A	44.82	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2.16
RNAC	CARTESIAN THERAPEUTICS INC	$22.07	62,567	-61.53%	19.93	18.05	19.22	20.56	26.88	63.33	92.50	92.18	100.00	100.00	0.81	0.21	0.60	1.23
MURA	MURAL ONCOLOGY PLC	$3.70	106,614	-10.70%	0.69	0.65	0.77	0.96	N/A	46.34	32.98	34.00	35.22	38.31	-0.03	-0.04	0.01	1.04
COGT	COGENT BIOSCIENCES INC	$6.50	1,574,142	-16.82%	6.57	6.62	6.83	6.21	8.21	48.58	34.87	24.65	36.79	20.24	-0.06	-0.03	-0.02	0.97
CRGX	CARGO THERAPEUTICS INC	$19.10	100,402	-30.74%	13.90	13.50	13.71	14.34	N/A	48.77	56.51	66.09	53.52	67.14	0.06	0.03	0.03	2.05
COYA	COYA THERAPEUTICS INC	$9.05	33,147	9.27%	8.36	8.76	9.19	7.94	6.18	54.07	48.56	38.81	80.28	66.24	-0.18	-0.21	0.02	0.75
CRVS	CORVUS PHARMACEUTICALS INC	$1.55	56,501	-56.92%	1.47	1.54	1.84	1.90	1.82	45.24	61.60	48.81	88.05	85.32	-0.09	-0.12	0.03	0.92
ALVR	ALLOVIR INC	$0.79	181,229	5.47%	0.78	0.77	0.75	0.91	1.62	56.26	78.42	77.17	85.99	91.45	0.01	0.01	0.01	1.67
GOSS	GOSSAMER BIO INC	$0.71	1,112,691	-11.17%	0.73	0.86	1.14	1.03	0.96	27.20	14.77	10.98	27.01	12.36	-0.13	-0.12	-0.01	1.09
ELDN	ELEDON PHARMACEUTICALS INC	$2.39	92,098	-71.00%	2.04	1.86	1.82	1.76	1.55	67.52	89.47	81.54	92.74	83.12	0.12	0.06	0.06	0.54
FBRX	FORTE BIOSCIENCES INC	$0.74	22,631	66.70%	0.74	0.73	0.71	0.70	0.70	54.23	34.17	42.78	14.46	11.70	0.01	0.01	-0.00	0.93
DRTS	ALPHA TAU MEDICAL LTD	$2.50	54,192	156.30%	2.50	2.68	2.85	2.96	3.22	34.73	36.54	24.72	33.08	22.23	-0.13	-0.11	-0.02	0.36
ATNM	ACTINIUM PHARMACEUTICALS INC	$7.70	281,925	15.15%	7.05	7.97	7.83	6.55	6.24	50.58	30.13	19.09	43.64	28.31	-0.24	-0.15	-0.09	0.67
CARM	CARISMA THERAPEUTICS INC	$1.63	90,783	-23.09%	1.69	1.79	2.17	2.34	3.46	36.86	22.74	23.24	48.75	47.91	-0.15	-0.15	0.00	1.00
GLTO	GALECTO INC	$0.68	144,773	49.81%	0.69	0.70	0.74	0.70	0.87	44.23	58.16	54.48	77.19	64.64	-0.02	-0.02	0.00	1.07
GOVX	GEOVAX LABS INC	$1.40	17,705	15.98%	1.48	1.66	1.94	3.17	5.60	28.17	4.68	5.92	24.56	26.03	-0.17	-0.18	0.00	0.03
HEPA	HEPION PHARMACEUTICALS INC	$1.37	9,096	-55.04%	1.59	1.98	2.23	2.43	4.01	30.13	12.03	9.74	16.50	10.71	-0.27	-0.19	-0.08	0.65
TARA	PROTARA THERAPEUTICS INC	$2.98	280,350	-64.17%	2.90	3.12	3.68	2.96	2.41	43.38	50.37	42.18	90.44	89.33	-0.19	-0.22	0.02	0.85
ADCT	ADC THERAPEUTICS SA	$4.41	218,872	-9.56%	4.66	4.66	4.60	3.51	2.26	46.71	30.10	30.40	12.49	11.68	0.01	0.05	-0.05	1.14
INZY	INOZYME PHARMA INC	$4.41	638,146	10.17%	4.45	5.06	5.75	5.19	4.72	32.90	17.66	13.11	33.27	21.83	-0.46	-0.41	-0.04	0.77
IRON	DISC MEDICINE INC	$27.84	531,789	133.99%	28.05	29.51	49.55	56.07	52.88	27.49	32.15	24.20	96.81	72.23	-6.24	-7.25	1.00	0.68
SNTI	SENTI BIOSCIENCES INC	$0.36	2,388,760	5,394.94%	0.30	0.32	0.37	0.42	0.48	54.74	37.49	23.91	78.13	52.69	-0.02	-0.03	0.01	1.20
SRRK	SCHOLAR ROCK HOLDING CORP	$14.67	627,441	25.12%	14.24	14.24	15.22	15.92	12.09	50.29	78.55	66.34	92.16	79.77	-0.22	-0.36	0.13	0.86
ALXO	ALX ONCOLOGY HOLDINGS INC	$17.02	527,119	-4.97%	16.11	14.28	13.77	13.89	10.21	67.58	91.42	91.90	86.57	85.50	1.13	0.77	0.35	1.34
ATHE	ALTERITY THERAPEUTICS LTD	$2.10	69,316	-59.42%	2.18	2.17	1.96	2.10	2.35	49.32	29.12	34.05	14.56	20.41	0.08	0.09	-0.01	0.35
LXEO	LEXEO THERAPEUTICS INC	$12.45	113,579	-45.67%	1.14	1.27	1.19	1.16	N/A	49.54	14.07	11.32	21.89	15.05	-0.03	-0.02	-0.02	1.25
MIRA	MIRA PHARMACEUTICALS INC	$0.85	14,366	-13.08%	0.47	0.61	0.82	0.99	N/A	33.08	14.04	14.40	55.13	50.74	-0.12	-0.12	-0.00	0.76
RZLT	REZOLUTE INC	$2.68	193,433	2.09%	2.98	2.80	2.25	1.63	1.45	51.20	22.94	25.04	3.60	2.48	0.16	0.25	-0.09	0.56
NMRA	NEUMORA THERAPEUTICS INC	$9.09	283,533	-30.98%	34.96	36.49	35.26	29.99	N/A	40.49	29.48	30.38	20.88	21.37	-0.39	0.08	-0.47	1.42
OLMA	OLEMA PHARMACEUTICALS INC	$10.17	624,501	81.49%	10.07	10.54	11.74	12.41	12.15	41.42	32.49	28.43	39.30	28.80	-0.48	-0.52	0.04	1.48
MLTX	MOONLAKE IMMUNOTHERAPEUTICS	$40.91	242,628	-4.20%	42.21	43.86	47.33	52.72	52.76	33.10	17.18	21.51	56.96	60.63	-1.91	-1.89	-0.02	0.47
BCAB	BIOATLA INC	$2.26	657,929	37.50%	2.35	2.87	2.77	2.51	2.30	39.92	27.28	24.13	45.53	36.53	-0.17	-0.11	-0.06	1.87
IVVD	INVIVYD INC	$2.22	997,657	117.26%	10.08	10.10	9.96	10.06	9.80	52.44	67.22	51.01	64.70	39.90	0.02	0.02	0.00	1.32
ATXI	AVENUE THERAPEUTICS INC	$5.01	154,216	-29.16%	8.14	9.42	10.83	11.27	30.40	29.03	5.32	14.39	16.87	24.88	-1.41	-0.87	-0.55	0.58
TRML	TOURMALINE BIO INC	$15.83	249,484	6.84%	15.68	18.31	28.89	29.23	26.94	28.28	13.04	11.78	58.65	45.87	-3.72	-4.15	0.43	1.39
SGMT	SAGIMET BIOSCIENCES INC	$3.90	598,995	25.99%	10.57	10.55	10.51	10.45	10.37	42.63	22.22	32.91	4.69	21.93	0.02	0.02	-0.00	3.02
SLRN	ACELYRIN INC	$4.18	891,943	-2.38%	14.07	14.25	14.75	15.60	15.10	29.94	23.50	22.69	55.59	52.68	-0.22	-0.24	0.01	0.75
REPL	REPLIMUNE GROUP INC	$6.35	459,580	-4.32%	6.53	6.85	7.77	7.84	12.15	35.72	37.58	30.55	65.20	42.99	-0.40	-0.39	-0.01	1.24
SRZN	SURROZEN INC	$10.76	19,511	86.14%	9.30	10.03	11.93	10.42	9.26	52.63	46.82	27.59	65.46	36.12	-0.70	-0.78	0.09	0.63
ONCT	ONCTERNAL THERAPEUTICS INC	$8.31	2,594	-1.93%	8.56	8.71	8.84	8.86	7.77	44.80	24.32	21.44	12.67	8.01	-0.11	-0.06	-0.05	0.96
THTX	THERATECHNOLOGIES INC	$1.30	36,282	474.08%	1.34	1.39	1.40	1.56	1.63	43.60	16.20	15.93	37.78	32.61	-0.03	-0.02	-0.01	0.95
RLMD	RELMADA THERAPEUTICS INC	$3.64	147,724	-38.87%	3.93	4.29	5.05	4.39	3.70	34.09	15.25	11.45	15.75	11.36	-0.36	-0.30	-0.06	0.84
VRPX	VIRPAX PHARMACEUTICALS INC	$2.65	18,086	-7.27%	3.23	3.47	3.67	3.53	5.66	34.57	11.75	12.22	7.51	7.67	-0.26	-0.17	-0.10	0.54
RAPT	RAPT THERAPEUTICS INC	$7.70	524,503	39.97%	7.92	8.22	8.48	15.94	16.60	37.15	17.49	18.19	23.96	23.91	-0.53	-0.64	0.11	1.27
ZURA	ZURA BIO LTD	$4.27	284,493	0.50%	0.66	0.66	0.61	0.40	0.29	49.78	38.99	45.36	1.11	11.48	0.01	0.02	-0.01	-0.39
XERS	XERIS BIOPHARMA HOLDINGS INC	$1.75	811,010	-13.07%	1.76	1.87	2.26	2.35	2.19	31.88	16.60	13.56	54.21	40.37	-0.13	-0.15	0.01	1.61
NNVC	NANOVIRICIDES INC	$1.20	62,782	145.71%	1.14	1.22	1.21	1.16	1.23	51.92	31.50	23.07	41.10	21.70	-0.02	-0.02	-0.01	0.06
VIGL	VIGIL NEUROSCIENCE INC	$2.61	38,098	-44.27%	2.73	2.99	3.10	3.18	4.65	39.57	14.14	13.92	19.14	16.60	-0.15	-0.10	-0.05	0.94
TSBX	TURNSTONE BIOLOGICS CORP	$2.60	140,238	-54.16%	0.13	0.14	0.11	0.12	N/A	50.07	67.16	60.36	48.97	43.53	0.00	0.01	-0.00	3.88
RCKT	ROCKET PHARMACEUTICALS INC	$21.52	834,871	14.49%	22.86	23.79	26.27	27.39	23.10	29.48	5.22	9.46	0.00	8.88	-1.23	-1.09	-0.14	1.46
EWTX	EDGEWISE THERAPEUTICS INC	$17.94	536,785	-11.59%	16.03	16.36	16.78	14.76	10.68	61.62	76.59	61.67	100.00	94.00	-0.04	-0.22	0.18	1.36
ACHL	ACHILLES THERAPEUTICS PLC	$0.75	117,993	-67.62%	0.78	0.83	1.09	1.00	0.95	27.90	13.51	17.89	0.00	7.84	-0.09	-0.09	0.00	0.92

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. Harmony Biosciences Holdings (NASDAQ:HRMY)

Harmony Biosciences Holdings (NASDAQ:HRMY) is the top biotech stock with a Zen Score of 66, which is 43 points higher than the biotech industry average of 23. It passed 22 out of 33 due diligence checks and has strong fundamentals. Harmony Biosciences Holdings has seen its stock lose -5.65% over the past year, overperforming other biotech stocks by 18 percentage points.

Harmony Biosciences Holdings has an average 1 year price target of $37.33, an upside of 20.78% from Harmony Biosciences Holdings's current stock price of $30.91.

Harmony Biosciences Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Harmony Biosciences Holdings, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 16.67% have issued a Sell rating, and 16.67% 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 -30.91% over the past year, underperforming other biotech stocks by -8 percentage points.

Incyte has an average 1 year price target of $74.69, an upside of 43.5% from Incyte's current stock price of $52.05.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Incyte, 23.08% have issued a Strong Buy rating, 23.08% have issued a Buy, 53.85% 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 -93.65% over the past year, underperforming other biotech stocks by -70 percentage points.

Amylyx Pharmaceuticals has an average 1 year price target of $11.00, an upside of 507.73% from Amylyx Pharmaceuticals's current stock price of $1.81.

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 57.38%, which is 42 percentage points higher than the biotech industry average of 15.1%.

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 1.07%, which is -14 percentage points lower than the biotech industry average of 15.1%. 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 38.1% 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 0.51%, which is -15 percentage points lower than the biotech industry average of 15.1%. 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 down?

Biotech stocks were down -0.78% in the last day, and down -0.33% over the last week. Nrx Pharmaceuticals was the among the top losers in the biotechnology industry, dropping -27.32% yesterday.

NRx Pharmaceuticals shares are trading lower after the company announced findings from its Phase 2b/3 trial of NRX-101 vs. Lurasidone.

What are the most undervalued biotech stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued biotech stocks right now are:

1. Royalty Pharma (NASDAQ:RPRX)

Royalty Pharma (NASDAQ:RPRX) is the most undervalued biotech stock based on WallStreetZen's Valuation Score. Royalty Pharma has a valuation score of 100, which is 86 points higher than the biotech industry average of 14. It passed 7 out of 7 valuation due diligence checks.

Royalty Pharma's stock has dropped -21.6% in the past year. It has overperformed other stocks in the biotech industry by 2 percentage points.

2. Incyte (NASDAQ:INCY)

Incyte (NASDAQ:INCY) is the second 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 -30.91% in the past year. It has underperformed other stocks in the biotech industry by -8 percentage points.

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 41.84% in the past year. It has overperformed other stocks in the biotech industry by 65 percentage points.

Are biotech stocks a good buy now?

49.42% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 89.97% 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 14.91x.

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.

Sectors & Industries HealthcareBiotechnology
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.

Biotech Stocks FAQ

1. Harmony Biosciences Holdings (NASDAQ:HRMY)

2. Incyte (NASDAQ:INCY)

3. Amylyx Pharmaceuticals (NASDAQ:AMLX)

1. Mei Pharma (NASDAQ:MEIP)

2. Novo Nordisk A S (NYSE:NVO)

3. Bio Techne (NASDAQ:TECH)

1. Royalty Pharma (NASDAQ:RPRX)

2. Incyte (NASDAQ:INCY)

3. Avrobio (NASDAQ:AVRO)

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