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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)
TERN
TERNS PHARMACEUTICALS INC
United States
$299.98M64,651,69372.52%27.48%Net SellingNet Selling
ACAD
ACADIA PHARMACEUTICALS INC
United States
$2.69B164,771,52171.22%28.78%Net BuyingNet Selling
PMCB
PHARMACYTE BIOTECH INC
United States
$17.95M8,464,82412.86%13.29%
TBPH
THERAVANCE BIOPHARMA INC
Cayman Islands
$440.23M48,164,70860.28%39.72%Net SellingNet Selling
SNSE
SENSEI BIOTHERAPEUTICS INC
United States
$25.07M25,070,98011.82%71.99%Net SellingNet Selling
RLAY
RELAY THERAPEUTICS INC
United States
$807.41M131,179,03472.36%27.64%Net SellingNet Selling
DMAC
DIAMEDICA THERAPEUTICS INC
United States
$96.03M37,958,00010.12%55.46%Net Buying
MNKD
MANNKIND CORP
United States
$1.13B270,418,21530.01%69.99%Net BuyingNet Buying
OCUL
OCULAR THERAPEUTIX INC
United States
$624.24M148,627,43949.43%21.84%Net BuyingNet Buying
ADPT
ADAPTIVE BIOTECHNOLOGIES CORP
United States
$378.69M145,092,27162.07%37.93%Net SellingNet Selling
PHAR
PHARMING GROUP NV
Netherlands
$701.27M671,073,2430.00%0.00%
URGN
UROGEN PHARMA LTD
Israel
$471.57M34,122,08762.74%29.32%Net BuyingNet Selling
OCGN
OCUGEN INC
United States
$303.64M257,325,26410.16%11.93%Net Selling
PULM
PULMATRIX INC
United States
$7.60M3,652,2854.28%95.72%
FOLD
AMICUS THERAPEUTICS INC
United States
$3.00B295,382,61466.56%33.44%Net SellingNet Selling
RXRX
RECURSION PHARMACEUTICALS INC
United States
$1.84B234,653,27275.27%24.73%Net SellingNet Selling
CLLS
CELLECTIS SA
France
$138.40M55,583,76817.66%0.00%
IMRN
IMMURON LTD
Australia
$13.84M227,798,3460.00%0.00%
HOOK
HOOKIPA PHARMA INC
United States
$79.75M98,950,10735.22%26.83%Net Buying
CANF
CAN-FITE BIOPHARMA LTD
Israel
$7.83M1,359,837,3930.02%0.00%
SILO
SILO PHARMA INC
United States
$5.35M2,843,6345.65%6.35%Net BuyingNet Buying
BLRX
BIOLINERX LTD
Israel
$41.86M1,086,589,1650.10%0.00%
IPHA
INNATE PHARMA SA
France
$193.09M80,453,2820.16%0.00%
AADI
AADI BIOSCIENCE INC
United States
$41.25M24,554,20526.99%73.01%Net SellingNet Selling
CRVO
CERVOMED INC
United States
$154.20M6,170,4790.47%99.53%
PSTX
POSEIDA THERAPEUTICS INC
United States
$197.80M96,489,12746.85%40.59%Net SellingNet Selling
RGNX
REGENXBIO INC
United States
$713.51M44,427,55576.15%23.85%Net SellingNet Buying
TCRT
ALAUNOS THERAPEUTICS INC
United States
$18.57M16,012,47953.36%46.64%Net Selling
MRNA
MODERNA INC
United States
$40.57B382,073,20867.30%21.66%Net SellingNet Selling
RPTX
REPARE THERAPEUTICS INC
Canada
$132.87M42,182,17761.13%38.87%Net BuyingNet Selling
MRVI
MARAVAI LIFESCIENCES HOLDINGS INC
United States
$1.91B251,399,87135.06%64.94%Net SellingNet Selling
STOK
STOKE THERAPEUTICS INC
United States
$541.29M46,303,74340.29%59.71%Net SellingNet Selling
BRTX
BIORESTORATIVE THERAPIES INC
United States
$8.33M6,769,9190.28%99.72%Net BuyingNet Buying
LEXX
LEXARIA BIOSCIENCE CORP
Canada
$28.22M12,885,6738.82%4.82%
PCSA
PROCESSA PHARMACEUTICALS INC
United States
$6.94M2,855,98123.32%76.68%Net BuyingNet Buying
KRON
KRONOS BIO INC
United States
$58.89M60,095,01344.51%42.51%Net BuyingNet Selling
PASG
PASSAGE BIO INC
United States
$67.83M55,598,79643.60%56.40%Net BuyingNet Selling
KURA
KURA ONCOLOGY INC
United States
$1.45B76,136,96390.77%9.23%Net BuyingNet Selling
KTTA
PASITHEA THERAPEUTICS CORP
United States
$7.55M1,042,4152.22%97.78%Net Buying
OMGA
OMEGA THERAPEUTICS INC
United States
$129.61M55,154,98557.75%42.25%Net Selling
ORIC
ORIC PHARMACEUTICALS INC
United States
$516.77M67,375,84770.31%29.69%Net SellingNet Selling
NXTC
NEXTCURE INC
United States
$35.99M27,903,02747.82%50.20%
SNDX
SYNDAX PHARMACEUTICALS INC
United States
$1.75B84,965,48691.35%8.65%Net BuyingNet Buying
IPSC
CENTURY THERAPEUTICS INC
United States
$204.18M64,817,86327.27%59.23%Net SellingNet Selling
IMRX
IMMUNEERING CORP
United States
$41.88M29,283,27253.75%46.25%Net SellingNet Selling
ACET
ADICET BIO INC
United States
$148.70M82,153,98440.62%19.50%Net Buying
PMVP
PMV PHARMACEUTICALS INC
United States
$87.97M51,443,48862.78%37.22%Net Buying
VRCA
VERRICA PHARMACEUTICALS INC
United States
$282.08M42,418,55341.10%58.90%Net Buying
DYAI
DYADIC INTERNATIONAL INC
United States
$43.17M28,974,1057.98%92.02%
MORF
MORPHIC HOLDING INC
United States
$1.40B50,093,58864.32%35.68%Net BuyingNet Buying
EQ
EQUILLIUM INC
United States
$63.81M35,254,75221.71%40.89%Net Buying
LVTX
LAVA THERAPEUTICS NV
Netherlands
$69.40M26,289,08722.20%0.00%
AVIR
ATEA PHARMACEUTICALS INC
United States
$310.57M84,164,54565.45%25.19%Net SellingNet Selling
CGEM
CULLINAN THERAPEUTICS INC
United States
$829.01M43,065,64548.26%51.74%Net SellingNet Buying
ACST
ACASTI PHARMA INC
Canada
$27.53M9,399,4046.08%64.72%Net Buying
GLTO
GALECTO INC
United States
$18.14M27,112,69714.20%24.86%Net Selling
CLSD
CLEARSIDE BIOMEDICAL INC
United States
$94.15M74,721,13910.37%36.40%Net BuyingNet Buying
LGND
LIGAND PHARMACEUTICALS INC
United States
$1.25B17,705,28714.99%85.01%Net SellingNet Buying
CBUS
CIBUS INC
United States
$375.01M24,132,00914.04%85.96%Net Buying
SABS
SAB BIOTHERAPEUTICS INC
United States
$36.99M9,225,49440.51%59.49%Net Buying
CGON
CG ONCOLOGY INC
United States
$2.41B66,636,2520.00%16.44%Net BuyingNet Buying
CRMD
CORMEDIX INC
United States
$285.35M54,981,10234.05%10.98%Net BuyingNet Buying
XENE
XENON PHARMACEUTICALS INC
Canada
$3.02B75,432,48295.45%3.29%Net SellingNet Selling
VRAX
VIRAX BIOLABS GROUP LTD
United Kingdom
$1.27M1,811,5407.37%0.00%
ATHA
ATHIRA PHARMA INC
United States
$73.59M38,326,65257.11%31.41%Net Buying
ARTL
ARTELO BIOSCIENCES INC
United States
$4.33M3,227,7000.76%25.83%
BNTC
BENITEC BIOPHARMA INC
Australia
$17.99M2,592,43446.20%28.78%
BDTX
BLACK DIAMOND THERAPEUTICS INC
United States
$264.28M51,717,84960.10%39.90%Net BuyingNet Buying
EXAI
EXSCIENTIA PLC
United Kingdom
$501.55M125,702,39624.77%0.00%
DOMH
DOMINARI HOLDINGS INC
United States
$16.02M5,934,9177.25%92.75%Net BuyingNet Buying
PRLD
PRELUDE THERAPEUTICS INC
United States
$221.88M54,920,59452.43%47.57%Net BuyingNet Selling
NRIX
NURIX THERAPEUTICS INC
United States
$607.50M49,150,79484.44%15.56%Net SellingNet Selling
VCEL
VERICEL CORP
United States
$2.19B48,290,16491.22%8.78%Net SellingNet Selling
PCVX
VAXCYTE INC
United States
$6.51B108,407,73083.78%16.22%Net BuyingNet Buying
NKTX
NKARTA INC
United States
$337.02M49,416,18653.86%46.14%Net BuyingNet Buying
XBIT
XBIOTECH INC
United States
$250.00M30,450,88111.32%45.18%
ZNTL
ZENTALIS PHARMACEUTICALS INC
United States
$779.50M70,960,16573.56%26.44%Net BuyingNet Selling
STRO
SUTRO BIOPHARMA INC
United States
$213.55M62,441,96378.85%21.15%Net SellingNet Selling
CNTA
CENTESSA PHARMACEUTICALS PLC
United Kingdom
$895.73M100,305,85071.06%14.21%Net SellingNet Selling
ANNX
ANNEXON INC
United States
$413.22M90,025,57376.31%23.69%Net BuyingNet Selling
LTRN
LANTERN PHARMA INC
United States
$58.65M10,741,32410.76%66.23%Net SellingNet Selling
ADMA
ADMA BIOLOGICS INC
United States
$1.47B228,220,23674.12%24.57%Net SellingNet Selling
VXRT
VAXART INC
United States
$114.40M173,861,6849.16%69.71%Net SellingNet Selling
LPTX
LEAP THERAPEUTICS INC
United States
$81.15M25,600,13712.25%87.75%
ABEO
ABEONA THERAPEUTICS INC
United States
$87.26M27,355,03725.76%74.24%Net BuyingNet Buying
QNCX
QUINCE THERAPEUTICS INC
United States
$44.51M43,215,23315.43%84.57%Net Buying
GDTC
CYTOMED THERAPEUTICS LTD
Singapore
$25.39M11,540,0000.04%57.45%
NUVB
NUVATION BIO INC
United States
$573.90M219,046,21950.10%49.90%Net Buying
GPCR
STRUCTURE THERAPEUTICS INC
United States
$1.81B139,794,12430.46%15.04%
ALDX
ALDEYRA THERAPEUTICS INC
United States
$232.05M58,895,76859.63%34.19%Net SellingNet Buying
CDTX
CIDARA THERAPEUTICS INC
United States
$59.30M4,561,75161.60%38.40%Net SellingNet Selling
PTIX
PROTAGENIC THERAPEUTICS INC
United States
$6.96M4,435,1322.55%1.03%Net Buying
TYRA
TYRA BIOSCIENCES INC
United States
$793.59M52,521,05059.50%40.50%Net BuyingNet Buying
EPIX
ESSA PHARMA INC
Canada
$270.74M44,238,14773.10%26.90%Net BuyingNet Buying
ENTX
ENTERA BIO LTD
Israel
$70.96M35,481,34111.45%3.79%Net Buying
ERAS
ERASCA INC
United States
$284.81M151,494,16144.64%55.36%Net Buying
VRNA
VERONA PHARMA PLC
United Kingdom
$1.24B646,524,95810.44%55.94%Net SellingNet Selling
MACK
MERRIMACK PHARMACEUTICALS INC
United States
$213.82M14,516,17023.49%76.51%Net Buying
CELC
CELCUITY INC
United States
$480.25M30,453,12052.40%15.32%Net SellingNet Selling
CNTB
CONNECT BIOPHARMA HOLDINGS LTD
China
$74.94M55,102,95412.92%0.00%

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 -30.41% over the past year, underperforming other biotech stocks by -7 percentage points.

Incyte has an average 1 year price target of $74.69, an upside of 45.94% from Incyte's current stock price of $51.18.

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 -8.91% 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 29.05% from Harmony Biosciences Holdings's current stock price of $28.93.

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 lose -1.33% over the past year, overperforming other biotech stocks by 22 percentage points.

Voyager Therapeutics has an average 1 year price target of $20.50, an upside of 176.28% from Voyager Therapeutics's current stock price of $7.42.

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 14.87%.

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 56.45%, which is 42 percentage points higher than the biotech industry average of 14.87%.

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 1.09%, which is -14 percentage points lower than the biotech industry average of 14.87%. 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 down?

Biotech stocks were down -1.43% in the last day, and down -0.98% over the last week. Acrivon Therapeutics was the among the top losers in the biotechnology industry, dropping -10.84% yesterday.

Acrivon Therapeutics shares are trading higher after the company reported initial clinical data for ACR-368 and pipeline program progress today at a corporate R&D event.

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 -21.04% in the past year. It has overperformed other stocks in the biotech industry by 3 percentage points.

2. Voyager Therapeutics (NASDAQ:VYGR)


Voyager Therapeutics (NASDAQ:VYGR) is the second 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 dropped -1.33% in the past year. It has overperformed other stocks in the biotech industry by 22 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 -30.41% in the past year. It has underperformed other stocks in the biotech industry by -7 percentage points.

Are biotech stocks a good buy now?

49.03% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 94.43% 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 15.41x.
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.