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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 %
CGTX
COGNITION THERAPEUTICS INC
$1.93-2.53%-1.03%-2.03%-16.45%82.08%19.88%N/AN/AN/A$3.49$0.9044.70%114.44%1.0263,37714.94%
SNGX
SOLIGENIX INC
$0.410.00%-2.41%-16.49%-37.50%-15.63%-71.48%-98.09%-96.20%-99.87%$2.00$0.3779.75%9.46%0.54290,325102.00%
CERE
CEREVEL THERAPEUTICS HOLDINGS INC
$42.55-0.09%0.19%0.52%2.04%61.42%33.30%186.34%N/AN/A$43.59$19.592.39%117.20%1.14907,408-40.21%
REVB
REVELATION BIOSCIENCES INC
$2.370.85%8.72%-8.85%-25.94%-86.63%-92.40%-99.98%N/AN/A$39.00$1.7893.92%33.15%1.1924,418-61.87%
FHTX
FOGHORN THERAPEUTICS INC
$5.99-1.96%9.11%-16.92%112.41%56.40%-5.97%-43.54%N/AN/A$9.97$2.7039.92%121.85%1.4048,320-29.61%
FRES
FRESH2 GROUP LTD
$0.50-0.20%-13.47%12.58%42.33%-64.72%-89.98%-99.55%N/AN/A$6.00$0.3091.65%67.00%0.5199,04856.97%
TOVX
THERIVA BIOLOGICS INC
$0.40-3.59%-3.82%-10.44%-16.04%-7.99%-37.03%-92.41%-93.70%-99.92%$1.20$0.2066.42%104.57%0.7640,60918.04%
SONN
SONNET BIOTHERAPEUTICS HOLDINGS INC
$1.86-3.13%5.08%-4.91%32.86%44.19%-66.18%-99.71%-99.98%-100.00%$26.40$1.0892.95%72.22%1.117,5182.31%
CKPT
CHECKPOINT THERAPEUTICS INC
$1.586.76%10.49%-17.71%-14.59%-19.80%-49.84%-94.66%-96.23%N/A$3.62$1.3056.35%21.54%1.35613,30788.94%
PIRS
PIERIS PHARMACEUTICALS INC
$11.08-1.42%-5.46%-20.49%-20.86%-46.85%-83.09%-93.50%-95.66%N/A$80.80$10.6086.29%4.53%1.3031,318-61.50%
TPST
TEMPEST THERAPEUTICS INC
$3.694.24%4.24%-28.00%-7.40%0.27%84.50%-79.15%-98.50%-99.77%$9.77$0.1762.23%2,070.59%1.54410,493-14.87%
INBX
INHIBRX INC
$34.150.41%0.26%-2.65%-11.04%87.43%26.53%69.48%N/AN/A$39.79$14.3114.17%138.73%1.70246,5952.48%
ADVM
ADVERUM BIOTECHNOLOGIES INC
$10.434.30%13.49%-21.87%-45.39%12.01%35.45%-71.96%-84.27%N/A$29.70$7.4064.88%40.95%1.12900,529140.64%
BDRX
BIODEXA PHARMACEUTICALS PLC
$1.18-4.84%-9.23%7.27%-10.61%-65.60%-93.25%-99.96%-99.99%N/A$20.80$0.6794.33%76.12%0.65303,113-5.00%
BBIO
BRIDGEBIO PHARMA INC
$27.830.32%11.86%-4.79%-17.25%-3.47%93.26%-49.74%N/AN/A$44.32$12.7537.21%118.27%1.401,676,82839.71%
CGEN
COMPUGEN LTD
$2.11-2.31%9.90%-13.17%-5.80%184.37%235.45%-74.50%-39.54%-78.20%$3.03$0.5330.36%298.11%1.46231,276-58.20%
CHRS
COHERUS BIOSCIENCES INC
$2.274.61%11.27%-4.62%12.38%-37.12%-68.90%-85.10%-86.14%N/A$8.22$1.4372.38%58.74%1.261,526,97853.87%
CYTK
CYTOKINETICS INC
$65.271.45%-0.11%-7.97%-18.58%79.71%65.91%151.81%637.51%1,360.18%$110.25$25.9840.80%151.23%0.97900,18256.10%
MCRB
SERES THERAPEUTICS INC
$1.164.50%40.61%59.78%6.42%-10.77%-77.78%-94.30%-76.98%N/A$6.26$0.5481.47%114.81%1.184,430,34937.18%
GYRE
GYRE THERAPEUTICS INC
$15.147.38%-11.51%-11.77%13.92%134.37%378.05%-79.77%-88.07%-99.77%$30.40$3.1450.20%382.93%1.1636,533-59.61%
TRVN
TREVENA INC
$0.410.98%5.63%8.97%-28.30%-27.67%-36.95%-99.05%-98.91%-99.67%$3.28$0.3087.41%37.67%0.7576,31015.33%
CELU
CELULARITY INC
$3.295.45%8.94%-37.57%-30.80%40.60%-37.70%-96.75%N/AN/A$8.90$1.5963.03%106.92%0.5320,982-35.09%
NVCT
NUVECTIS PHARMA INC
$8.1420.41%25.23%-1.33%17.80%-14.85%-43.20%N/AN/AN/A$18.65$5.9256.35%37.50%0.08106,287246.97%
ASMB
ASSEMBLY BIOSCIENCES INC
$13.152.65%3.95%-4.64%8.50%25.69%9.58%-73.66%-92.79%-79.13%$20.04$7.6934.38%70.96%1.074,556-77.99%
FBLG
FIBROBIOLOGICS INC
$8.0219.35%-20.67%-28.33%-44.31%N/AN/AN/AN/AN/A$55.00$6.5385.42%22.82%-3.6182,37433.74%
NAMS
NEWAMSTERDAM PHARMA CO NV
$21.82-3.32%-0.77%-1.31%9.26%111.43%55.19%118.20%N/AN/A$26.35$5.6317.19%287.36%0.20144,6886.34%
PRTG
PORTAGE BIOTECH INC
$0.274.23%12.92%-47.68%-55.13%-85.81%-91.40%-99.05%N/AN/A$4.40$0.2093.84%35.50%1.11123,940222.32%
CNTX
CONTEXT THERAPEUTICS INC
$1.855.71%31.21%49.19%79.61%48.00%255.77%N/AN/AN/A$1.88$0.471.60%293.62%0.951,187,646-95.51%
ANRO
ALTO NEUROSCIENCE INC
$14.22-1.25%0.28%0.28%-34.77%N/AN/AN/AN/AN/A$24.00$12.7840.75%11.27%-0.65114,89345.20%
APLM
APOLLOMICS INC
$0.40-3.17%-11.78%-33.83%-45.54%-50.13%-91.35%N/AN/AN/A$6.45$0.3993.84%2.32%-0.04180,00119.22%
LIXT
LIXTE BIOTECHNOLOGY HOLDINGS INC
$2.890.28%-11.35%-6.77%43.07%-3.67%-47.55%-88.84%-71.39%15.60%$9.50$1.5869.58%82.91%0.189,4869.20%
CALC
CALCIMEDICA INC
$5.74-4.33%5.32%37.16%12.55%101.40%14.80%-91.11%N/AN/A$8.59$1.7533.18%228.00%0.616,694-74.06%
OGEN
ORAGENICS INC
$1.071.90%3.88%-18.94%-52.34%-71.77%-59.32%-97.56%-96.64%-99.91%$7.74$1.0086.18%7.00%0.5815,63265.73%
INAB
IN8BIO INC
$1.00-1.96%-3.85%-3.85%-20.00%-3.85%-57.63%N/AN/AN/A$3.48$0.6571.26%53.85%0.9582,469-57.77%
COEP
COEPTIS THERAPEUTICS HOLDINGS INC
$0.36-2.70%7.46%12.85%-32.71%-62.89%-69.75%-96.36%N/AN/A$2.19$0.2983.56%26.32%0.25316,082-16.24%
AVBP
ARRIVENT BIOPHARMA INC
$17.232.56%11.59%-4.91%-19.93%N/AN/AN/AN/AN/A$25.95$14.3533.60%20.07%0.5023,943-61.61%
XRTX
XORTX THERAPEUTICS INC
$2.683.00%-8.63%-17.63%21.68%-15.04%-59.12%N/AN/AN/A$7.52$1.9864.42%35.20%0.013,591-16.35%
XTLB
XTL BIOPHARMACEUTICALS LTD
$2.530.20%4.46%-24.02%176.20%232.89%102.40%-27.92%12.44%-84.43%$4.99$0.7549.30%237.33%0.6397410.31%
KYTX
KYVERNA THERAPEUTICS INC
$15.251.46%-1.42%-30.43%-49.17%N/AN/AN/AN/AN/A$35.06$13.9656.50%9.24%-0.01459,631-14.60%
RARE
ULTRAGENYX PHARMACEUTICAL INC
$42.75-1.04%-3.37%-9.20%-4.49%10.10%-1.34%-59.86%-37.12%10.92%$54.98$31.5222.24%35.63%1.151,142,41242.08%
BIOR
BIORA THERAPEUTICS INC
$0.732.52%16.40%-1.88%-18.78%-61.32%-68.76%-99.13%N/AN/A$6.70$0.5989.09%24.96%1.34266,983-36.13%
TIL
INSTIL BIO INC
$11.300.71%6.60%2.54%-3.99%50.67%-12.32%-97.32%N/AN/A$14.00$6.0719.29%86.16%1.5312,338241.30%
VANI
VIVANI MEDICAL INC
$1.783.49%9.20%-12.53%74.51%66.36%22.76%-91.18%-92.53%N/A$7.80$0.8477.18%111.90%1.1474,14442.82%
SCPX
SCORPIUS HOLDINGS INC
$0.193.33%10.06%12.73%-54.96%-55.71%-74.52%-97.41%-97.37%-99.94%$0.89$0.1578.98%28.28%0.73402,441-24.78%
CARA
CARA THERAPEUTICS INC
$0.780.78%13.74%-14.22%33.91%-42.37%-81.52%-94.05%-96.06%-94.65%$4.67$0.5083.34%55.60%1.17159,022-17.58%
QNRX
QUOIN PHARMACEUTICALS LTD
$0.786.30%21.82%-12.81%-77.57%-82.56%-86.53%-99.95%-99.97%N/A$12.00$0.6093.53%28.69%1.5590,60967.89%
VERU
VERU INC
$1.63-0.61%28.35%96.62%232.65%63.00%28.35%-81.79%12.41%-77.55%$1.92$0.3615.10%352.78%0.882,913,595-29.04%
NBSE
NEUBASE THERAPEUTICS INC
$0.41-1.70%-7.95%-9.80%-39.55%-41.30%-88.23%-99.66%-99.24%-99.99%$4.80$0.3991.56%3.85%0.86516,9621,835.32%
NBY
NOVABAY PHARMACEUTICALS INC
$0.105.56%20.25%-8.65%-36.67%-73.46%-90.78%-99.66%-99.74%-99.99%$1.28$0.0792.58%46.15%0.811,461,449170.49%
ANL
ADLAI NORTYE LTD
$13.785.84%0.22%41.48%65.03%61.93%N/AN/AN/AN/A$19.30$7.1128.60%93.78%-0.343,247205.17%
MNPR
MONOPAR THERAPEUTICS
$0.7310.15%10.49%13.24%104.21%42.55%-24.27%-87.47%N/AN/A$1.75$0.2758.46%165.33%0.46129,520312.02%
LCTX
LINEAGE CELL THERAPEUTICS INC
$1.060.95%-7.02%-22.06%1.92%-9.40%-27.40%-60.15%-15.87%-59.07%$1.61$0.8434.16%26.04%1.22609,046-66.85%
SAVA
CASSAVA SCIENCES INC
$22.05-0.05%-1.30%7.14%-3.75%-2.86%-1.17%-48.71%1,960.75%-41.56%$32.10$12.3231.31%78.98%1.291,143,0799.08%
BCDA
BIOCARDIA INC
$0.381.33%0.80%-3.31%-10.38%-5.00%-81.00%-89.39%-96.16%-95.60%$2.92$0.3286.99%18.75%0.5273,659-63.43%
BOLD
BOUNDLESS BIO INC
$9.353.31%-19.67%-30.48%N/AN/AN/AN/AN/AN/A$15.24$8.5338.65%9.61%1.83108,102-27.90%
MNMD
MIND MEDICINE (MINDMED) INC
$10.005.04%17.37%-14.89%156.41%223.62%171.00%-79.10%N/AN/A$12.22$2.4118.17%314.94%1.511,085,17866.16%
NEXI
NEXIMMUNE INC
$3.326.41%-1.48%-34.26%-69.46%13.31%-57.16%-99.32%N/AN/A$28.70$1.2588.43%165.60%1.0637,408165.32%
VSTM
VERASTEM INC
$10.905.21%16.20%-9.02%-11.38%59.12%106.44%-70.89%-55.25%-88.72%$15.18$4.6828.19%132.91%1.43104,25632.33%
KOD
KODIAK SCIENCES INC
$3.771.89%14.94%-11.71%-10.02%59.75%-14.51%-96.77%-50.07%N/A$9.80$1.3761.53%175.18%1.47305,22025.34%
KALV
KALVISTA PHARMACEUTICALS INC
$12.13-0.33%12.52%7.73%-23.47%39.91%32.28%-51.40%-44.91%N/A$16.88$7.2128.14%68.24%0.84199,656-65.06%
INDP
INDAPTUS THERAPEUTICS INC
$2.020.75%-4.27%-10.22%14.77%-19.20%-22.61%-86.92%-99.60%N/A$4.08$1.5650.49%29.49%1.152,889-75.02%
CYBN
CYBIN INC
$0.350.00%0.00%-24.41%1.74%-41.28%8.02%N/AN/AN/A$0.74$0.2152.57%66.67%0.802,727,66974.40%
ESLA
ESTRELLA IMMUNOPHARMA INC
$1.00-4.94%-1.96%-18.03%-13.04%-34.64%-90.65%N/AN/AN/A$33.00$0.8696.97%15.87%0.1411,29429.44%
IMUX
IMMUNIC INC
$1.373.01%12.30%12.30%16.10%21.24%-20.81%-91.14%-89.39%-99.72%$3.11$0.9555.95%44.97%1.05112,220-16.65%
PHIO
PHIO PHARMACEUTICALS CORP
$0.825.67%20.23%17.14%39.93%-38.35%-80.29%-96.99%-99.74%-100.00%$6.85$0.5088.03%64.00%0.59121,317-68.17%
IMNN
IMUNON INC
$1.331.53%-7.64%-4.32%155.77%29.13%5.56%-92.49%-95.93%-99.81%$2.00$0.4833.50%177.08%0.6654,612155.27%
TSVT
2SEVENTY BIO INC
$4.76-3.45%11.87%-4.42%-15.75%90.40%-52.64%N/AN/AN/A$12.69$1.5462.49%210.10%1.64598,3315.93%
PTCT
PTC THERAPEUTICS INC
$33.01-1.81%15.54%13.83%31.67%69.02%-40.43%-19.03%-10.32%76.81%$59.84$17.5344.84%88.31%0.99992,55642.80%
AVTX
AVALO THERAPEUTICS INC
$14.36-6.69%-9.91%-11.96%246.02%-42.08%-97.99%-99.84%-99.91%N/A$1.13k$3.9598.73%263.54%1.2191,63271.20%
AGEN
AGENUS INC
$13.074.39%11.80%23.28%3.35%-22.65%-56.14%-78.57%-75.89%-76.58%$42.60$4.7869.32%173.72%1.22646,668-33.80%
SMMT
SUMMIT THERAPEUTICS INC
$4.398.13%13.73%11.14%14.32%118.41%167.68%-31.73%148.02%N/A$5.22$1.5015.90%192.67%0.461,862,453-37.53%
XLO
XILIO THERAPEUTICS INC
$1.1812.38%8.26%-9.23%76.12%-50.83%-61.69%N/AN/AN/A$3.25$0.4963.69%140.82%1.02264,94644.93%
VERA
VERA THERAPEUTICS INC
$43.44-0.14%9.56%9.70%17.37%312.93%514.43%N/AN/AN/A$50.78$7.1014.45%511.83%1.07582,109-28.96%
KZIA
KAZIA THERAPEUTICS LTD
$0.27-3.55%-26.49%-19.29%0.74%-42.00%-77.89%-97.39%-91.37%-98.26%$1.39$0.1980.43%45.45%0.53391,578-5.13%
VAXX
VAXXINITY INC
$0.1435.58%20.51%-79.36%-79.59%-89.15%-93.47%N/AN/AN/A$3.10$0.1095.45%41.00%1.0456,296,154640.31%
MDGL
MADRIGAL PHARMACEUTICALS INC
$229.846.38%18.88%-6.28%1.23%56.47%-24.59%70.04%114.64%57.86%$313.11$119.7626.59%91.92%0.80441,612-2.23%
ADXN
ADDEX THERAPEUTICS LTD
$8.951.13%-44.41%-41.90%-17.89%47.91%-38.14%-95.66%N/AN/A$27.90$5.0067.92%79.00%0.367,875-59.56%
AKBA
AKEBIA THERAPEUTICS INC
$1.375.38%2.24%-8.05%-16.97%44.97%55.68%-56.92%-78.15%-94.23%$2.48$0.7844.76%75.64%1.493,093,89724.29%
ALRN
AILERON THERAPEUTICS INC
$3.76-1.57%-24.80%-35.62%-19.55%224.14%176.47%-83.51%-88.81%N/A$7.42$1.0149.33%272.28%1.04142,703-4.42%
FGEN
FIBROGEN INC
$1.140.88%9.62%-22.45%-43.70%76.20%-93.15%-94.82%-97.68%N/A$19.47$0.3394.14%242.34%1.39767,316-16.68%
DARE
DARE BIOSCIENCE INC
$0.31-0.32%1.63%-35.34%-5.76%-19.85%-68.39%-79.13%-68.27%-99.54%$1.06$0.2770.66%15.19%0.74333,992-65.43%
GUTS
FRACTYL HEALTH INC
$6.510.00%-2.84%-11.43%-41.35%N/AN/AN/AN/AN/A$14.50$5.7555.10%13.22%1.7685,334-37.28%
CSBR
CHAMPIONS ONCOLOGY INC
$5.135.36%2.19%2.33%-15.49%-6.90%1.79%-51.24%-43.56%-55.47%$7.32$4.1729.92%23.02%0.80659-54.77%
OMER
OMEROS CORP
$3.730.27%18.41%18.41%13.72%191.41%-24.19%-79.04%-80.99%-71.85%$7.80$0.9252.17%305.43%1.21158,315-42.51%
EVAX
EVAXION BIOTECH A
$3.951.54%-5.50%9.72%-7.06%-65.35%-69.14%-94.36%N/AN/A$18.50$2.8278.65%39.87%0.5216,026111.79%
WINT
WINDTREE THERAPEUTICS INC
$4.9414.09%-5.54%-27.78%-25.62%-74.11%-82.85%-99.75%-99.96%-100.00%$35.10$4.1885.93%18.18%0.62124,917108.66%
NCNA
NUCANA PLC
$4.000.88%0.00%-39.00%-44.44%-65.96%-78.47%-96.16%-98.98%N/A$23.75$3.4083.16%17.65%1.0328,655241.21%
PRME
PRIME MEDICINE INC
$5.59-0.36%26.33%-3.62%-13.60%-28.33%-61.13%N/AN/AN/A$17.20$4.1167.50%36.01%1.66923,2728.77%
GLPG
GALAPAGOS NV
$29.09-1.22%1.15%-8.49%-23.18%-21.51%-27.73%-62.74%-74.69%N/A$45.21$28.3035.66%2.79%0.77125,6482.36%
MYMD
MYMD PHARMACEUTICALS INC
$3.332.46%17.25%48.00%-14.62%-71.54%-93.93%-97.38%-99.72%-99.99%$70.50$2.0095.28%66.50%1.4838,52835.97%
PMN
PROMIS NEUROSCIENCES INC
$1.96-1.26%-1.01%-4.11%-2.49%10.11%-69.38%N/AN/AN/A$8.95$0.9578.10%106.32%0.502,280-50.25%
RGLS
REGULUS THERAPEUTICS INC
$2.65-1.49%9.50%1.53%97.76%90.65%103.85%-76.34%-75.46%-99.68%$3.79$1.0830.08%145.37%0.77403,916-43.11%
RNAZ
TRANSCODE THERAPEUTICS INC
$0.8215.98%49.09%26.15%42.36%-94.23%-99.66%N/AN/AN/A$309.60$0.4299.74%95.24%1.195,912,087218.20%
CERO
CERO THERAPEUTICS HOLDINGS INC
$1.380.00%0.73%-31.00%-85.93%-87.30%-87.25%N/AN/AN/A$12.80$1.3389.22%3.76%-0.0141,866-35.43%
PHGE
BIOMX INC
$0.38-5.88%9.71%9.71%75.34%24.68%42.22%-94.39%-96.04%N/A$0.86$0.1955.09%105.35%0.39146,9191.29%
VINC
VINCERX PHARMA INC
$0.88-5.70%20.14%-86.71%-26.30%-9.59%-44.49%-94.58%N/AN/A$9.37$0.6190.64%43.77%0.45309,59923.55%
SANA
SANA BIOTECHNOLOGY INC
$10.446.75%19.72%13.97%73.13%195.75%89.82%-48.90%N/AN/A$12.00$2.7513.00%280.33%2.143,304,866121.16%
MLEC
MOOLEC SCIENCE SA
$1.414.44%-2.76%6.33%-29.15%-49.28%-47.19%-85.64%N/AN/A$3.96$1.1564.39%22.61%0.53225,165-38.25%
CADL
CANDEL THERAPEUTICS INC
$9.027.00%41.16%436.90%583.33%1,236.30%467.30%N/AN/AN/A$11.40$0.6620.88%1,266.67%0.711,002,368-19.94%
NERV
MINERVA NEUROSCIENCES INC
$2.370.85%-2.75%-6.69%-78.04%-56.99%-48.70%-88.01%-96.09%N/A$13.49$2.2982.43%3.67%0.8615,45875.24%

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.