WallStreetZenWallStreetZen

Sectors & IndustriesHealthcareBiotechnology
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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
IFRX
INFLARX NV
$78.31M-40.30%-36.40%-41.24%-45.40%0.176.50-743.70%-67,630.70%-67,574.22%
IMTX
IMMATICS NV
$847.42M-43.50%-22.30%-27.44%-52.40%1.272.87100.00%-179.60%-179.63%
QSI
QUANTUM-SI INC
$233.92M-31.50%-29.00%-33.48%-40.70%0.1022.9445.10%-8,868.80%-8,868.76%
VRDN
VIRIDIAN THERAPEUTICS INC
$808.45M-68.30%-61.10%-50.86%-85.10%0.1118.27100.00%-75,711.50%-75,123.25%
STTK
SHATTUCK LABS INC
$502.76M-63.10%-56.10%-58.94%-125.10%0.1012.51100.00%-5,268.40%-5,268.44%
APRE
APREA THERAPEUTICS INC
$28.24M-65.60%-52.40%-84.92%463.90%0.345.14100.00%-2,449.60%-2,659.48%
SAGE
SAGE THERAPEUTICS INC
$823.89M-60.90%-54.70%-71.29%-71.60%0.0912.2296.50%-552.50%-552.52%
VCYT
VERACYTE INC
$1.45B-7.00%-6.50%-7.27%-124.00%0.074.6668.70%-20.60%-21.22%
CRNX
CRINETICS PHARMACEUTICALS INC
$2.93B-52.90%-45.50%-36.27%-54.80%0.1813.07100.00%-5,345.90%-5,345.85%
BLUE
BLUEBIRD BIO INC
$100.92M-34.30%-14.40%-21.88%-16.50%1.761.55-10.10%-419.60%-457.81%
LSTA
LISATA THERAPEUTICS INC
$22.00M-37.90%-34.50%-48.17%-82.70%0.148.18N/AN/AN/A
HOTH
HOTH THERAPEUTICS INC
$5.11M-76.30%-66.80%-88.73%786.70%0.0813.89N/AN/AN/A
ARVN
ARVINAS INC
$2.20B-70.20%-31.80%-34.98%-52.20%0.984.98100.00%-467.90%-466.75%
LQDA
LIQUIDIA CORP
$952.63M-132.20%-65.40%-72.39%-129.20%1.504.8583.50%-448.90%-413.02%
CASI
CASI PHARMACEUTICALS INC
$32.38M-86.40%-34.20%-46.15%-52.40%2.123.5559.20%-79.60%-79.75%
MTEM
MOLECULAR TEMPLATES INC
$9.16M-7,646.10%-16.80%-30.35%-20.70%7.400.97100.00%-14.20%-9.56%
MESO
MESOBLAST LTD
$633.23M-14.50%-10.90%-8.37%-57.30%0.322.72100.00%-1,007.30%-737.49%
CRBU
CARIBOU BIOSCIENCES INC
$335.07M-31.10%-25.70%-25.22%-31.20%0.1711.97100.00%-296.10%-295.49%
BEAM
BEAM THERAPEUTICS INC
$1.75B-15.90%-9.80%-10.46%-12.60%0.495.89100.00%-35.10%-34.73%
GLMD
GALMED PHARMACEUTICALS LTD
$1.98M-53.30%-44.40%-53.98%-67.40%0.204.81N/AN/AN/A
AUPH
AURINIA PHARMACEUTICALS INC
$710.07M-20.10%-14.80%-15.86%-16.10%0.455.5091.90%-44.50%-42.56%
YMAB
Y-MABS THERAPEUTICS INC
$643.96M-20.70%-16.30%-23.83%-123.00%0.275.5286.50%-25.30%-30.27%
MOLN
MOLECULAR PARTNERS AG
$127.47M-31.00%-27.80%-30.90%-39.60%0.1213.35100.00%-880.70%-807.46%
ATAI
ATAI LIFE SCIENCES NV
$320.43M-16.80%-14.20%-13.37%-21.50%0.209.22100.00%-12,810.20%-11,640.76%
ABSI
ABSCI CORP
$516.55M-52.50%-44.10%-58.30%-92.90%0.234.08100.00%-1,933.60%-1,914.24%
IMNM
IMMUNOME INC
$819.60M-286.40%-129.00%-84.29%1,140.10%0.246.63100.00%-761.90%-761.92%
PLUR
PLURI INC
$27.78M-209.50%-49.60%-60.17%-32.80%7.947.1297.50%-6,708.40%-6,242.02%
XOMA
XOMA CORP
$295.41M-44.20%-30.00%-18.74%-41.50%1.648.68100.00%-973.20%-846.20%
LYEL
LYELL IMMUNOPHARMA INC
$551.39M-32.70%-28.80%-32.79%-36.10%0.1516.07100.00%-180,486.20%-180,486.15%
ARQT
ARCUTIS BIOTHERAPEUTICS INC
$820.01M-294.90%-78.60%-77.81%-58.10%2.857.0891.60%-439.80%-384.72%
CELZ
CREATIVE MEDICAL TECHNOLOGY HOLDINGS INC
$5.86M-41.50%-40.20%-51.11%-366.80%0.0427.6660.00%-58,739.70%-58,739.71%
INO
INOVIO PHARMACEUTICALS INC
$247.02M-86.60%-62.60%-104.29%-81.80%0.463.60100.00%-16,239.90%-16,092.90%
SPRC
SCISPARC LTD
$1.45M65.00%47.00%64.50%245.90%0.214.1076.30%177.90%215.32%
MRNS
MARINUS PHARMACEUTICALS INC
$76.77M-264.60%-70.70%-96.75%-88.30%9.194.0793.80%-456.30%-406.75%
PRTC
PURETECH HEALTH PLC
$774.78M-13.10%-9.40%-5.47%-7.20%0.516.76100.00%-1,972.90%-1,056.22%
IKNA
IKENA ONCOLOGY INC
$62.74M-44.20%-37.30%-38.41%-75.20%0.1312.58100.00%-744.20%-745.94%
KROS
KEROS THERAPEUTICS INC
$2.08B-46.70%-42.60%-44.26%-495.40%0.1114.25100.00%-101,319.20%-101,319.21%
SWTX
SPRINGWORKS THERAPEUTICS INC
$3.36B-65.70%-57.00%-50.20%-81.00%0.166.4192.30%-5,968.50%-5,968.50%
NTLA
INTELLIA THERAPEUTICS INC
$2.00B-43.90%-36.40%-40.58%-42.80%0.248.67100.00%-1,326.50%-1,326.51%
GTHX
G1 THERAPEUTICS INC
$208.28M-106.00%-34.00%-37.91%-29.40%2.443.8791.30%-58.10%-42.19%
GLYC
GLYCOMIMETICS INC
$105.70M-73.10%-64.40%-95.89%1,860.30%0.186.41100.00%-368,994.20%-368,994.20%
ABCL
ABCELLERA BIOLOGICS INC
$1.10B-12.40%-9.70%-12.71%-15.70%0.297.33100.00%-385.00%-457.67%
PGEN
PRECIGEN INC
$350.98M-62.20%-48.50%-74.88%-113.20%0.282.991.70%-1,540.60%-1,540.47%
CUE
CUE BIOPHARMA INC
$66.40M-112.30%-71.10%-111.34%-308.40%0.663.01100.00%-924.10%-901.42%
QTTB
Q32 BIO INC
$90.49M-104.50%-76.30%-154.76%-108.50%0.167.25100.00%-9,771.70%-9,771.71%
ALLO
ALLOGENE THERAPEUTICS INC
$488.68M-56.70%-45.60%-54.03%-52.30%0.2612.38100.00%-344,489.50%-344,489.47%
CCCC
C4 THERAPEUTICS INC
$423.27M-55.30%-35.80%-38.91%-38.90%0.536.34100.00%-638.30%-625.55%
MIST
MILESTONE PHARMACEUTICALS INC
$81.85M-171.00%-64.40%-84.02%-55.30%3.4910.11100.00%-5,968.50%-5,713.10%
SRPT
SAREPTA THERAPEUTICS INC
$12.09B-69.70%-17.10%-19.92%-15.80%2.803.9587.90%-43.10%-41.83%
TARS
TARSUS PHARMACEUTICALS INC
$1.10B-74.30%-58.20%-57.99%-164.60%0.356.9390.90%-778.90%-759.71%
DNLI
DENALI THERAPEUTICS INC
$2.15B-13.50%-11.40%-13.49%-13.70%0.1213.65100.00%-43.90%-43.93%
LYRA
LYRA THERAPEUTICS INC
$281.99M-74.10%-51.90%-50.91%-77.40%0.605.35100.00%-4,023.10%-4,019.32%
ALEC
ALECTOR INC
$502.68M-77.20%-19.00%-28.20%-27.20%3.643.18100.00%-134.30%-128.97%
COCP
COCRYSTAL PHARMA INC
$15.82M-56.90%-52.10%-61.95%-927.20%0.198.92N/AN/AN/A
CVKD
CADRENAL THERAPEUTICS INC
$6.88M-141.20%-129.20%-108.42%3,531.00%0.1110.27N/AN/AN/A
INVA
INNOVIVA INC
$964.85M29.70%15.40%17.69%18.60%0.849.0386.30%57.90%68.69%
ALPN
ALPINE IMMUNE SCIENCES INC
$4.23B-15.50%-11.30%-9.47%-14.80%0.167.86100.00%-54.70%-54.32%
MGNX
MACROGENICS INC
$909.01M-5.80%-2.80%-3.15%-3.80%0.964.4886.00%-15.40%-12.98%
OVID
OVID THERAPEUTICS INC
$219.20M-49.80%-38.20%-39.49%-55.10%0.649.55100.00%-13,362.20%-13,362.17%
LUMO
LUMOS PHARMA INC
$22.46M-85.60%-65.30%-101.35%-414.60%0.495.70100.00%-1,659.40%-1,660.80%
LXRX
LEXICON PHARMACEUTICALS INC
$389.05M-139.70%-71.90%-82.89%-73.50%1.465.6092.90%-14,710.90%-13,622.76%
PPBT
PURPLE BIOTECH LTD
$9.72M49.00%41.70%59.47%-707.20%0.292.20N/AN/AN/A
KYMR
KYMERA THERAPEUTICS INC
$2.04B-34.80%-25.30%-29.95%-28.60%0.464.73100.00%-187.00%-186.74%
SXTP
60 DEGREES PHARMACEUTICALS INC
$2.75MN/A-49.20%-29.89%-32.50%0.612.55-87.10%-1,547.70%-583.19%
QURE
UNIQURE NV
$216.71M-99.30%-37.70%-34.96%-32.80%3.018.8514.00%-1,947.10%-1,672.66%
NGNE
NEUROGENE INC
$385.08M-34.40%-28.80%-18.19%-53.10%0.208.72N/AN/AN/A
PALI
PALISADE BIO INC
$5.15M-89.70%-76.20%-107.28%-67,402.70%0.245.15100.00%-4,926.40%-4,920.40%
SLRN
ACELYRIN INC
$417.07M-74.60%-57.00%-58.04%-149.90%0.138.65N/AN/AN/A
GBIO
GENERATION BIO CO
$192.78M-52.30%-31.80%-37.81%-36.50%0.856.83100.00%-2,144.50%-2,144.51%
VIR
VIR BIOTECHNOLOGY INC
$1.11B-34.90%-27.70%-36.02%-42.70%0.219.0696.80%-713.70%-728.87%
CYCN
CYCLERION THERAPEUTICS INC
$7.94M-63.30%-42.00%-49.80%-600.10%0.193.85N/AN/AN/A
CABA
CABALETTA BIO INC
$531.14M-40.80%-37.90%-28.48%-171.20%0.0715.29N/AN/AN/A
TVTX
TRAVERE THERAPEUTICS INC
$400.28M-56.70%-14.10%-16.34%-12.30%2.933.4792.10%-76.70%-68.74%
LABP
LANDOS BIOPHARMA INC
$69.53M-54.90%-49.10%-69.00%918.60%0.206.09N/AN/AN/A
IOBT
IO BIOTECH INC
$93.55M-66.30%-59.60%-63.13%3,838.80%0.139.37N/AN/AN/A
DMAC
DIAMEDICA THERAPEUTICS INC
$97.55M-39.90%-37.70%-37.49%-42.40%0.0619.27N/AN/AN/A
RLAY
RELAY THERAPEUTICS INC
$835.61M-42.40%-36.50%-42.03%-43.80%0.1225.44100.00%-1,338.70%-1,338.66%
RIGL
RIGEL PHARMACEUTICALS INC
$192.92MN/A-21.20%-28.49%-24.20%-5.091.8693.90%-21.50%-15.59%
CRDF
CARDIFF ONCOLOGY INC
$181.84M-50.20%-44.30%-58.21%-60.20%0.177.42100.00%-8,496.90%-8,492.01%
PMCB
PHARMACYTE BIOTECH INC
$17.86M-25.10%-15.20%-1.79%150.70%0.728.16N/AN/AN/A
TERN
TERNS PHARMACEUTICALS INC
$317.44M-33.50%-31.90%-35.07%-51.30%0.0522.39N/AN/AN/A
TRVI
TREVI THERAPEUTICS INC
$191.71M-31.50%-28.90%-34.35%-37.90%0.0815.03N/AN/AN/A
ATXS
ASTRIA THERAPEUTICS INC
$494.13M-34.70%-33.40%-29.98%-138.70%0.0521.73N/AN/AN/A
TTNP
TITAN PHARMACEUTICALS INC
$6.48M-165.90%-105.70%-83.85%1,677.40%0.225.55100.00%-3,026.60%-3,026.63%
AVXL
ANAVEX LIFE SCIENCES CORP
$282.47M-30.30%-27.90%-31.75%510.50%0.0911.85N/AN/AN/A
BPMC
BLUEPRINT MEDICINES CORP
$5.69B-191.60%-45.30%-58.40%-43.60%7.033.7694.90%-203.30%-195.37%
HOWL
WEREWOLF THERAPEUTICS INC
$288.48M-32.20%-20.40%-22.02%-49.00%0.577.14100.00%-187.40%-171.63%
FDMT
4D MOLECULAR THERAPEUTICS INC
$1.16B-34.10%-31.10%-31.42%-88.20%0.1015.65100.00%-486.60%-486.59%
DTIL
PRECISION BIOSCIENCES INC
$64.87M-200.80%-34.50%-53.82%-2,413.80%7.472.73100.00%-125.80%-121.27%
ELVN
ENLIVEN THERAPEUTICS INC
$710.35M-26.60%-25.20%-29.10%-58.80%0.1110.28N/AN/AN/A
DNA
GINKGO BIOWORKS HOLDINGS INC
$1.85B-65.40%-42.50%-59.46%-84.50%0.526.1178.50%-355.10%-355.07%
LRMR
LARIMAR THERAPEUTICS INC
$410.87M-38.80%-34.30%-42.75%-102.80%0.179.49N/AN/AN/A
DNTH
DIANTHUS THERAPEUTICS INC
$630.96M-34.90%-32.60%-25.65%-174.30%0.0618.43100.00%-1,541.20%-1,541.22%
SNSE
SENSEI BIOTHERAPEUTICS INC
$25.57M-44.00%-38.60%-49.41%-43.30%0.1511.92N/AN/AN/A
ATOS
ATOSSA THERAPEUTICS INC
$191.72M-29.50%-28.50%-33.06%-567.50%0.0617.61N/AN/AN/A
TBPH
THERAVANCE BIOPHARMA INC
$439.26M-19.90%-12.40%-13.13%-12.70%0.795.39100.00%-96.10%-81.71%
NTBL
NOTABLE LABS LTD
$8.70M-61.50%-47.90%-66.38%695.20%0.295.6536.50%-3,598.10%-3,598.06%
ETNB
89BIO INC
$772.32M-31.00%-27.80%-23.56%-61.00%0.1120.04N/AN/AN/A
AKRO
AKERO THERAPEUTICS INC
$1.11B-29.70%-27.20%-26.49%-57.20%0.0829.27N/AN/AN/A
ABIO
ARCA BIOPHARMA INC
$51.94M-16.10%-15.50%-17.09%1,869.80%0.0523.19N/AN/AN/A

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.