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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
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
PMCB
PHARMACYTE BIOTECH INC
$2.11-0.47%-0.47%-13.52%-3.65%2.93%-29.19%-92.56%-96.68%-99.57%$3.23$1.9234.67%9.90%0.225,644-60.98%
ACAD
ACADIA PHARMACEUTICALS INC
$16.712.45%-0.65%-6.07%-37.97%-25.73%-17.73%-21.73%-33.61%-12.74%$33.99$16.1650.84%3.40%0.861,167,609-28.76%
ATOS
ATOSSA THERAPEUTICS INC
$1.530.66%11.68%-15.00%86.59%127.68%152.89%-21.94%-48.48%-99.31%$2.31$0.6033.77%155.00%1.14896,4865.11%
TVTX
TRAVERE THERAPEUTICS INC
$5.26-2.41%-8.04%-30.52%-38.84%-23.77%-74.50%-78.80%-72.98%-59.57%$22.75$5.1276.88%2.73%1.001,220,034-17.82%
TBPH
THERAVANCE BIOPHARMA INC
$9.12-0.22%-2.36%3.40%-7.97%-1.30%-17.76%-56.13%-61.81%N/A$11.98$8.2123.87%11.08%0.73263,498-31.96%
MNKD
MANNKIND CORP
$4.231.20%1.20%-13.85%26.27%4.70%10.44%-12.42%169.43%-86.38%$5.75$3.1726.43%33.44%1.142,036,12614.68%
PULM
PULMATRIX INC
$2.04-1.92%2.51%20.64%12.40%9.09%-25.55%-90.29%-89.59%-99.94%$3.14$1.5535.03%31.61%0.406,762221.54%
OCUL
OCULAR THERAPEUTIX INC
$4.7512.98%-9.10%-48.42%1.82%92.89%-21.05%-70.51%16.01%N/A$11.31$2.0058.05%137.84%1.353,882,045-17.09%
ADPT
ADAPTIVE BIOTECHNOLOGIES CORP
$2.60-0.38%8.33%-9.72%-34.18%-41.51%-64.51%-94.16%N/AN/A$9.08$2.2871.37%14.04%1.521,074,427-41.58%
CDTX
CIDARA THERAPEUTICS INC
$12.63-2.85%-7.27%-14.66%-5.02%-21.89%-38.69%-72.18%-72.54%N/A$29.60$10.0057.33%26.25%0.77199,445-73.46%
OCGN
OCUGEN INC
$1.288.47%-3.03%-26.01%136.60%254.57%77.78%-88.96%-87.49%N/A$2.11$0.3539.19%271.01%1.385,360,901-21.55%
RXRX
RECURSION PHARMACEUTICALS INC
$8.123.57%10.48%-21.32%-16.97%46.31%63.38%-73.31%N/AN/A$16.75$4.5451.51%78.85%2.124,369,2941.31%
PHAR
PHARMING GROUP NV
$9.80-6.22%-2.00%-9.68%-22.77%-10.26%-9.97%-25.39%N/AN/A$16.71$9.2741.35%5.72%0.581,703-61.62%
URGN
UROGEN PHARMA LTD
$14.152.39%3.06%-6.72%-11.95%26.57%15.51%-32.13%-61.96%N/A$24.13$8.6941.36%62.83%0.97135,569-26.88%
FOLD
AMICUS THERAPEUTICS INC
$10.281.08%-3.11%-10.06%-16.69%-5.34%-11.07%1.58%-23.57%458.70%$14.57$9.7029.44%5.98%1.241,714,609-57.16%
MRNA
MODERNA INC
$107.971.69%6.47%0.52%6.05%42.10%-17.40%-39.21%311.16%N/A$142.79$62.5524.39%72.61%0.592,227,989-18.87%
IPHA
INNATE PHARMA SA
$2.462.50%0.82%0.82%-8.89%0.00%-13.99%-42.46%N/AN/A$3.57$1.8131.09%35.91%0.776,7991,204.99%
LEXX
LEXARIA BIOSCIENCE CORP
$2.357.31%6.82%-37.99%65.49%109.82%3.98%-55.66%-92.75%-69.28%$6.85$0.6565.69%262.10%0.67172,105678.09%
CLLS
CELLECTIS SA
$2.510.64%-1.73%-2.49%-15.62%149.35%31.20%-87.50%-87.34%N/A$3.77$0.9633.58%160.23%1.43223,2791,417.87%
MRVI
MARAVAI LIFESCIENCES HOLDINGS INC
$7.701.58%5.48%-7.67%19.01%20.69%-41.75%-79.49%N/AN/A$16.62$4.5253.67%70.35%1.021,260,217-7.48%
PSTX
POSEIDA THERAPEUTICS INC
$2.133.90%5.45%-24.20%-33.44%7.04%-13.06%-76.77%N/AN/A$4.27$1.5450.12%38.31%1.41461,18762.83%
SILO
SILO PHARMA INC
$1.85-1.60%-6.38%-4.64%20.13%38.06%-18.50%N/AN/AN/A$3.05$1.2239.34%52.14%0.1155,867-17.24%
BRTX
BIORESTORATIVE THERAPIES INC
$1.251.63%-8.76%-10.71%-20.89%-32.80%-68.98%-96.91%-99.95%-80.43%$7.13$1.2082.47%4.17%-0.4458,374-5.06%
IMRN
IMMURON LTD
$2.648.64%14.29%-4.38%42.70%54.39%37.79%-52.09%-54.40%N/A$5.96$1.4855.70%78.26%0.329,316172.08%
CANF
CAN-FITE BIOPHARMA LTD
$1.983.13%0.00%-9.17%1.02%4.21%13.14%-91.28%-97.77%-99.73%$3.33$1.7140.54%16.13%0.348,664-26.24%
HOOK
HOOKIPA PHARMA INC
$0.8910.79%21.83%24.20%27.39%103.42%-11.58%-92.85%-93.62%N/A$2.05$0.4156.44%117.80%1.272,878,92357.01%
RPTX
REPARE THERAPEUTICS INC
$3.201.59%1.59%-29.36%-50.92%-8.57%-65.29%-90.12%N/AN/A$13.85$2.9876.90%7.38%1.3371,408-13.08%
BLRX
BIOLINERX LTD
$0.616.43%-6.71%-40.58%-47.24%-54.33%-43.33%-79.80%-88.82%-98.01%$2.53$0.5575.81%10.67%0.67582,347-7.96%
AADI
AADI BIOSCIENCE INC
$1.754.17%-4.89%-20.45%4.79%-59.11%-78.15%-90.20%-88.91%N/A$8.60$1.5579.65%12.90%0.59147,678-11.28%
CRVO
CERVOMED INC
$23.82-4.68%-0.75%14.57%157.79%153.13%319.00%-59.59%-89.89%-99.96%$26.38$4.149.70%475.36%0.4831,02119.38%
STOK
STOKE THERAPEUTICS INC
$12.416.16%2.99%20.60%152.24%258.67%38.35%-61.82%N/AN/A$16.40$3.3524.33%270.45%1.43896,12073.49%
RGNX
REGENXBIO INC
$16.190.81%3.19%-25.29%27.28%5.47%-12.01%-54.48%-69.24%N/A$28.80$11.8343.78%36.86%1.28305,658-49.41%
TCRT
ALAUNOS THERAPEUTICS INC
$1.3213.79%17.86%-30.16%-49.91%-13.56%-83.70%-97.51%-98.06%-97.33%$10.47$0.6687.39%100.00%1.3750,846449.45%
NKTX
NKARTA INC
$6.870.73%-5.76%-30.40%-25.08%241.79%44.63%-79.44%N/AN/A$16.24$1.2857.70%436.72%1.60978,102-36.80%
CNTA
CENTESSA PHARMACEUTICALS PLC
$8.92-0.11%-15.61%-17.10%9.99%31.37%88.58%N/AN/AN/A$12.45$3.9628.35%125.25%0.97254,924-11.02%
KURA
KURA ONCOLOGY INC
$19.653.42%12.09%-3.77%9.29%148.73%93.98%-30.54%32.23%N/A$24.17$7.4118.70%165.18%1.04561,889-32.36%
KTTA
PASITHEA THERAPEUTICS CORP
$7.240.00%1.83%-0.82%1.26%0.00%-3.13%N/AN/AN/A$17.40$5.2558.39%37.80%0.66221-32.62%
ADMA
ADMA BIOLOGICS INC
$6.551.71%4.47%0.77%28.68%99.70%98.48%252.15%39.36%-13.01%$6.76$3.063.11%114.05%0.871,564,1812.31%
VRCA
VERRICA PHARMACEUTICALS INC
$6.873.31%-1.58%29.14%18.65%95.73%11.17%-50.07%-31.23%N/A$7.76$2.8611.41%140.21%1.54111,046-62.67%
EQ
EQUILLIUM INC
$1.71-5.52%6.21%-16.99%101.18%228.85%187.39%-72.15%-71.45%N/A$3.25$0.4547.38%280.00%0.3980,179-38.51%
STRO
SUTRO BIOPHARMA INC
$3.420.00%-5.79%-18.18%-27.23%25.74%-22.62%-83.71%-64.71%N/A$6.13$2.0144.21%70.57%1.43473,900-12.06%
XBIT
XBIOTECH INC
$7.87-4.14%-2.11%-1.25%87.38%100.25%157.19%-55.00%-17.16%N/A$9.96$3.2220.98%144.79%0.8559,35529.14%
PCSA
PROCESSA PHARMACEUTICALS INC
$2.15-11.52%36.08%-0.92%-41.42%-66.68%-79.73%-98.77%-99.39%-99.90%$18.00$1.4088.06%53.57%0.471,826,623-97.61%
DYAI
DYADIC INTERNATIONAL INC
$1.490.00%-6.29%-5.70%7.97%-3.87%-29.05%-69.96%-58.61%N/A$2.40$1.1937.92%25.21%0.8112,724288.28%
VRAX
VIRAX BIOLABS GROUP LTD
$0.69-1.43%1.92%-8.00%-32.55%-72.62%-85.00%N/AN/AN/A$5.45$0.6187.33%12.56%0.553,036-64.21%
CRMD
CORMEDIX INC
$5.312.31%0.57%29.20%62.39%72.40%24.65%-38.18%-33.54%-41.00%$7.00$2.5724.14%106.61%1.34315,402-57.20%
LTRN
LANTERN PHARMA INC
$5.500.73%3.00%-45.16%28.21%99.28%20.35%-65.69%N/AN/A$11.99$2.3854.13%131.09%0.97128,6783.61%
ACET
ADICET BIO INC
$1.68-7.18%-13.85%-25.00%-33.60%31.25%-71.53%-89.29%-96.91%N/A$7.50$1.1077.60%52.73%1.061,248,43046.74%
PMVP
PMV PHARMACEUTICALS INC
$1.752.34%8.70%5.42%2.94%40.00%-60.76%-95.00%N/AN/A$9.72$1.1882.00%48.94%1.44336,037-3.44%
LENZ
LENZ THERAPEUTICS INC
$15.721.75%-1.87%-6.09%-23.62%-6.04%-23.09%N/AN/AN/A$29.82$14.0747.28%11.72%1.15200,65916.83%
ANAB
ANAPTYSBIO INC
$21.0011.29%5.69%-2.78%-11.05%23.67%0.14%-12.83%-72.69%N/A$27.50$13.3623.64%57.19%0.94649,16961.89%
OMGA
OMEGA THERAPEUTICS INC
$2.27-3.40%-5.42%-33.04%-41.04%43.67%-67.01%N/AN/AN/A$10.09$1.3077.50%74.62%1.77253,0131.11%
KRON
KRONOS BIO INC
$1.002.04%-0.99%-15.97%-9.91%13.64%-25.09%-96.20%N/AN/A$2.29$0.7356.33%36.80%1.60437,697-42.19%
ZNTL
ZENTALIS PHARMACEUTICALS INC
$11.060.68%-14.66%-21.50%-12.78%-31.00%-48.39%-82.23%N/AN/A$31.46$9.5664.84%15.69%1.47474,113-56.01%
VXRT
VAXART INC
$0.717.90%-6.08%-41.80%-18.76%6.77%-1.11%-88.28%1.14%-98.84%$1.59$0.5355.35%33.96%0.551,304,784-31.39%
IMVT
IMMUNOVANT INC
$27.17-2.09%-3.72%-13.55%-28.97%-20.67%68.86%70.56%N/AN/A$45.58$16.5840.39%63.87%0.891,411,69511.54%
ACST
ACASTI PHARMA INC
$2.90-0.99%1.05%-14.71%13.73%19.34%7.33%-88.60%-93.29%-99.41%$3.84$1.7224.48%68.60%0.913,82655.21%
PRLD
PRELUDE THERAPEUTICS INC
$4.070.74%9.41%-11.71%13.69%103.50%-32.39%-88.76%N/AN/A$6.89$1.6640.93%145.18%1.3118,543-83.98%
IPSC
CENTURY THERAPEUTICS INC
$2.88-8.57%-6.80%-27.64%-31.75%95.92%-9.15%N/AN/AN/A$5.51$1.2847.73%125.00%1.17161,00538.85%
IMRX
IMMUNEERING CORP
$1.472.80%-18.33%-38.49%-76.14%-72.57%-86.65%N/AN/AN/A$11.92$1.4087.67%5.00%1.40295,781-22.12%
PASG
PASSAGE BIO INC
$1.328.20%14.78%3.94%36.08%103.08%38.66%-92.67%N/AN/A$1.79$0.5826.26%129.57%1.2275,711966.20%
ABEO
ABEONA THERAPEUTICS INC
$3.262.19%-56.94%-55.71%-30.49%-15.10%1.88%-92.37%-98.40%-99.50%$9.01$2.8363.82%15.19%1.051,207,3239.62%
XENE
XENON PHARMACEUTICALS INC
$40.501.00%1.55%-5.06%-11.26%30.06%2.48%111.82%332.23%N/A$50.99$27.9920.57%44.72%0.81320,77225.32%
CBUS
CIBUS INC
$15.841.93%6.31%-30.59%-3.24%45.86%10.00%-94.32%-98.10%N/A$38.85$8.9059.23%77.98%1.1734,927-2.67%
AVIR
ATEA PHARMACEUTICALS INC
$3.710.54%-0.27%-1.59%-3.39%21.24%12.08%-89.82%N/AN/A$5.19$2.7728.52%34.18%1.05143,066-18.07%
CGEM
CULLINAN THERAPEUTICS INC
$25.3031.43%61.56%50.77%93.57%197.65%152.50%-20.14%N/AN/A$25.72$7.641.61%231.15%1.404,736,393267.17%
ANNX
ANNEXON INC
$4.702.40%3.07%-31.69%4.44%127.05%-12.15%-77.68%N/AN/A$8.40$1.5744.05%199.36%0.991,430,749-24.48%
ATHA
ATHIRA PHARMA INC
$1.920.00%-9.86%-25.87%-37.86%21.52%-30.18%-89.62%N/AN/A$4.30$1.3355.33%44.36%1.34164,7115.61%
SNDX
SYNDAX PHARMACEUTICALS INC
$21.062.38%1.25%-1.77%4.15%66.22%1.20%31.79%197.04%N/A$25.34$11.2216.89%87.78%1.03678,97515.28%
CLSD
CLEARSIDE BIOMEDICAL INC
$1.346.35%2.29%-20.71%8.94%97.06%27.01%-55.63%6.35%N/A$2.12$0.6536.79%106.15%1.13153,37713.42%
CGON
CG ONCOLOGY INC
$41.0013.26%16.02%0.32%17.04%N/AN/AN/AN/AN/A$50.23$28.5518.38%43.61%1.68819,590346.12%
GLTO
GALECTO INC
$0.715.38%3.52%-6.50%5.22%28.18%-63.28%-88.09%N/AN/A$3.70$0.5080.95%41.00%1.07119,397357.95%
VCEL
VERICEL CORP
$46.051.32%5.28%-7.08%8.10%33.91%50.69%-28.10%158.42%1,074.74%$53.05$30.1813.20%52.58%1.39284,33010.12%
LVTX
LAVA THERAPEUTICS NV
$2.733.41%0.74%-32.26%49.18%118.40%80.79%-76.96%N/AN/A$6.47$1.1357.81%141.38%0.3649,922-69.52%
SABS
SAB BIOTHERAPEUTICS INC
$4.255.99%-0.93%1.92%-28.87%-55.26%-41.09%-95.72%N/AN/A$11.90$4.0064.29%6.25%0.644,877632.28%
BNTC
BENITEC BIOPHARMA INC
$6.90-0.58%-1.29%39.11%124.76%100.58%103.42%-92.74%-97.89%N/A$9.01$1.8623.42%270.97%0.5219,759-30.88%
LGND
LIGAND PHARMACEUTICALS INC
$70.570.28%-2.62%2.81%-7.69%38.21%-9.02%-53.27%-44.47%11.33%$94.57$49.2425.38%43.32%1.1588,152-17.39%
ARTL
ARTELO BIOSCIENCES INC
$1.340.00%1.90%-6.94%-8.22%-5.57%-34.63%-93.33%N/AN/A$2.98$1.1555.03%16.52%0.995,055-4.28%
MORF
MORPHIC HOLDING INC
$28.070.32%0.29%-14.37%-7.21%38.41%-38.98%-50.33%N/AN/A$63.08$19.3555.50%45.10%1.46529,691-31.40%
PCVX
VAXCYTE INC
$60.721.10%-0.18%-9.94%-5.58%25.79%44.57%196.05%N/AN/A$82.04$42.9825.99%41.28%0.88593,882-62.08%
EXAI
EXSCIENTIA PLC
$4.031.00%-4.95%-29.79%-29.67%-24.11%-20.98%N/AN/AN/A$9.12$3.8655.81%4.40%1.64384,616-18.38%
BDTX
BLACK DIAMOND THERAPEUTICS INC
$5.8915.26%11.98%15.72%103.10%213.30%300.68%-78.87%N/AN/A$6.21$1.435.15%311.89%1.25565,162142.67%
DOMH
DOMINARI HOLDINGS INC
$2.700.00%0.00%14.89%22.73%41.36%-22.86%-84.58%-95.40%-99.88%$3.46$1.7621.97%53.41%-0.0816,31393.05%
LPTX
LEAP THERAPEUTICS INC
$3.252.52%16.07%31.05%33.20%132.14%-10.44%-81.43%-80.88%N/A$10.20$1.2468.14%163.16%1.10403,12689.41%
NXTC
NEXTCURE INC
$1.354.65%-15.63%-31.47%6.30%29.81%-9.40%-86.45%N/AN/A$2.57$0.9847.47%37.76%0.9556,503-63.86%
NRIX
NURIX THERAPEUTICS INC
$12.360.00%-9.05%-5.07%57.25%179.64%19.19%-63.55%N/AN/A$18.12$4.2231.79%192.89%1.57599,965-37.87%
ORIC
ORIC PHARMACEUTICALS INC
$8.075.22%-12.19%-40.04%-20.96%24.54%59.64%-66.99%N/AN/A$16.65$4.9051.53%64.69%0.94401,560-36.88%
MNOV
MEDICINOVA INC
$1.31-0.76%-5.76%-3.68%-10.88%-32.47%-38.79%-71.95%-88.04%-30.69%$2.66$1.2650.75%3.97%1.086,47948.02%
AURA
AURA BIOSCIENCES INC
$7.221.98%0.42%-5.37%-4.87%-5.62%-19.78%N/AN/AN/A$13.50$5.9946.52%20.53%1.08114,651-2.33%
CMPX
COMPASS THERAPEUTICS INC
$1.45-2.03%-1.36%-26.77%4.32%-18.99%-46.49%N/AN/AN/A$3.62$1.1559.94%26.09%0.5964,562-86.19%
ERAS
ERASCA INC
$1.890.53%5.59%-4.55%11.83%-12.09%-26.46%N/AN/AN/A$3.38$1.5144.00%25.17%1.42255,587-45.20%
NUVB
NUVATION BIO INC
$2.682.29%3.08%-6.94%55.81%139.29%63.41%-76.33%N/AN/A$4.16$0.9535.58%182.11%1.11637,3700.18%
QNCX
QUINCE THERAPEUTICS INC
$1.062.91%0.95%-6.19%-15.87%4.95%-31.61%-97.28%N/AN/A$1.74$0.8439.08%26.19%1.08119,39628.30%
PTIX
PROTAGENIC THERAPEUTICS INC
$1.39-11.73%7.36%-20.86%55.62%75.54%-24.32%-90.67%-82.69%-97.75%$2.32$0.6840.30%103.68%0.1710,467-37.23%
VOR
VOR BIOPHARMA INC
$1.69-0.59%-1.17%-21.76%-27.78%-21.40%-62.02%-94.15%N/AN/A$5.70$1.6270.35%4.32%1.22154,286-14.74%
GDTC
CYTOMED THERAPEUTICS LTD
$2.10-4.55%0.48%0.48%-43.40%-40.17%-37.70%N/AN/AN/A$9.25$1.9277.30%9.38%0.551,760398.58%
VRNA
VERONA PHARMA PLC
$15.471.05%-1.59%-4.15%-13.53%18.54%-30.75%103.82%143.62%N/A$23.81$11.8335.03%30.77%1.05260,511-47.84%
THRD
THIRD HARMONIC BIO INC
$10.833.54%-7.28%20.60%20.20%51.05%141.74%N/AN/AN/A$12.42$4.3112.80%151.28%0.7975,810-39.29%
ALDX
ALDEYRA THERAPEUTICS INC
$3.93-0.25%1.81%34.59%29.28%150.32%-56.67%-64.63%-52.65%-45.42%$11.97$1.4267.17%176.76%1.45267,770-42.11%
ABOS
ACUMEN PHARMACEUTICALS INC
$3.17-0.63%0.63%-15.47%-2.16%-1.55%-15.69%N/AN/AN/A$11.31$1.8171.97%75.14%1.39140,589-16.04%

Biotech Stocks FAQ

What are the best biotech stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best biotechnology stocks to buy right now are:

1. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the top biotech stock with a Zen Score of 75, which is 52 points higher than the biotech industry average of 23. It passed 24 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -29.72% 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 44.53% from Incyte's current stock price of $51.68.

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.

2. Harmony Biosciences Holdings (NASDAQ:HRMY)


Harmony Biosciences Holdings (NASDAQ:HRMY) is the second best biotech stock with a Zen Score of 70, which is 47 points higher than the biotech industry average of 23. It passed 23 out of 33 due diligence checks and has strong fundamentals. Harmony Biosciences Holdings has seen its stock lose -7.45% over the past year, overperforming other biotech stocks by 15 percentage points.

Harmony Biosciences Holdings has an average 1 year price target of $37.33, an upside of 27.33% from Harmony Biosciences Holdings's current stock price of $29.32.

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.

3. Voyager Therapeutics (NASDAQ:VYGR)


Voyager Therapeutics (NASDAQ:VYGR) is the third best biotech stock with a Zen Score of 66, which is 43 points higher than the biotech industry average of 23. It passed 21 out of 33 due diligence checks and has strong fundamentals. Voyager Therapeutics has seen its stock return 2.42% over the past year, overperforming other biotech stocks by 25 percentage points.

Voyager Therapeutics has an average 1 year price target of $20.50, an upside of 169.03% from Voyager Therapeutics's current stock price of $7.62.

Voyager Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Voyager Therapeutics, 75% have issued a Strong Buy rating, 25% have issued a Buy, 0% 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 4 biotech stocks that have issued dividends in the past year, the 3 biotech stocks with the highest dividend yields are:

1. Carisma Therapeutics (NASDAQ:CARM)


Carisma Therapeutics (NASDAQ:CARM) has an annual dividend yield of N/A, which is N/A percentage points lower than the biotech industry average of 15.1%.

Carisma Therapeutics's dividend payout ratio of 0% indicates that its dividend yield might not be sustainable for the long-term.

2. 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.

3. Novo Nordisk A S (NYSE:NVO)


Novo Nordisk A S (NYSE:NVO) has an annual dividend yield of 1.08%, 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% eight 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.

Why are biotech stocks up?

Biotech stocks were up 1.2% in the last day, and up 1.13% over the last week. Biodexa Pharmaceuticals was the among the top gainers in the biotechnology industry, gaining 79.31% yesterday.

Biodexa shares are trading higher after the company entered an exclusive license agreement with Rapamycin Holdings for the rights to eRapa.

What are the most undervalued biotech stocks?

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

1. Voyager Therapeutics (NASDAQ:VYGR)


Voyager Therapeutics (NASDAQ:VYGR) is the most undervalued biotech stock based on WallStreetZen's Valuation Score. Voyager Therapeutics 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.

Voyager Therapeutics's stock has gained 2.42% in the past year. It has overperformed other stocks in the biotech industry by 25 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 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 -20.21% in the past year. It has overperformed other stocks in the biotech industry by 2 percentage points.

3. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the third 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 -29.72% in the past year. It has underperformed other stocks in the biotech industry by -8 percentage points.

Are biotech stocks a good buy now?

49.23% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 91.76% 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 14.88x.
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.