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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)
SNGX
SOLIGENIX INC
United States
$4.37M10,524,4370.36%99.64%
ADVM
ADVERUM BIOTECHNOLOGIES INC
United States
$190.74M20,754,91572.30%27.70%Net BuyingNet Buying
BHVN
BIOHAVEN LTD
United States
$3.18B81,579,91479.08%20.92%Net BuyingNet Buying
TOVX
THERIVA BIOLOGICS INC
United States
$7.19M17,148,0496.14%1.46%Net Buying
TPST
TEMPEST THERAPEUTICS INC
United States
$78.56M22,192,0264.15%95.85%
AIM
AIM IMMUNOTECH INC
United States
$21.36M49,901,1778.32%9.92%Net BuyingNet Buying
ALNY
ALNYLAM PHARMACEUTICALS INC
United States
$18.05B125,945,79380.88%19.12%Net SellingNet Selling
XLO
XILIO THERAPEUTICS INC
United States
$37.58M34,473,48637.10%62.90%Net BuyingNet Buying
INBX
INHIBRX INC
United States
$1.61B47,392,44772.56%27.44%Net Buying
PIRS
PIERIS PHARMACEUTICALS INC
United States
$14.49M1,236,68889.20%10.80%Net Buying
CERE
CEREVEL THERAPEUTICS HOLDINGS INC
United States
$7.71B181,576,48226.94%73.06%Net BuyingNet Selling
REVB
REVELATION BIOSCIENCES INC
United States
$3.56M1,632,9358.80%91.20%Net Selling
PROK
PROKIDNEY CORP
United States
$486.21M229,343,53112.81%8.98%Net SellingNet Selling
CGTX
COGNITION THERAPEUTICS INC
United States
$76.05M39,000,15218.34%62.09%Net BuyingNet Selling
CKPT
CHECKPOINT THERAPEUTICS INC
United States
$51.03M35,686,27913.69%8.02%Net SellingNet Selling
PTCT
PTC THERAPEUTICS INC
United States
$2.19B76,696,78585.74%14.26%Net SellingNet Selling
CGEN
COMPUGEN LTD
Israel
$169.76M88,415,38211.98%0.00%
CDMO
AVID BIOSERVICES INC
United States
$466.58M63,479,79490.14%9.06%Net Selling
MCRB
SERES THERAPEUTICS INC
United States
$124.58M151,009,46259.28%30.14%Net SellingNet Selling
TRVN
TREVENA INC
United States
$7.16M18,321,0107.63%92.37%Net Buying
CELU
CELULARITY INC
United States
$58.52M19,378,1645.49%94.51%Net BuyingNet Selling
GYRE
GYRE THERAPEUTICS INC
United States
$1.46B85,423,2460.37%99.63%Net BuyingNet Buying
CYTK
CYTOKINETICS INC
United States
$6.73B103,004,71088.31%11.69%Net SellingNet Selling
KYTX
KYVERNA THERAPEUTICS INC
United States
$666.99M43,115,2440.00%51.65%Net BuyingNet Buying
OGEN
ORAGENICS INC
United States
$4.62M4,480,6930.16%99.84%Net Selling
SMMT
SUMMIT THERAPEUTICS INC
United Kingdom
$2.71B701,697,1794.61%92.95%Net BuyingNet Buying
PXMD
PAXMEDICA INC
United States
$5.48M7,408,0671.39%98.61%Net SellingNet Selling
COEP
COEPTIS THERAPEUTICS HOLDINGS INC
United States
$12.09M36,089,91713.11%41.01%Net Buying
NBSE
NEUBASE THERAPEUTICS INC
United States
$1.64M3,729,2063.93%96.07%Net Selling
PRTG
PORTAGE BIOTECH INC
Canada
$4.75M19,778,00011.46%0.00%
VSTM
VERASTEM INC
United States
$237.27M25,295,49525.42%74.58%Net SellingNet Selling
PHIO
PHIO PHARMACEUTICALS CORP
United States
$3.13M4,591,7000.49%99.51%Net BuyingNet Selling
CDXS
CODEXIS INC
United States
$187.01M70,303,63946.84%53.16%Net Buying
ATXI
AVENUE THERAPEUTICS INC
United States
$3.66M590,1424.45%95.55%Net Buying
IMNN
IMUNON INC
United States
$13.54M9,399,7894.47%92.02%
NAMS
NEWAMSTERDAM PHARMA CO NV
Netherlands
$1.96B89,266,67360.05%39.95%Net SellingNet Selling
KALV
KALVISTA PHARMACEUTICALS INC
United States
$454.79M42,188,29648.19%51.81%Net BuyingNet Selling
VANI
VIVANI MEDICAL INC
United States
$89.61M54,978,0002.51%97.49%Net BuyingNet Buying
CYBN
CYBIN INC
Canada
$143.93M411,216,13213.89%0.00%
NBY
NOVABAY PHARMACEUTICALS INC
United States
$2.38M30,098,1501.80%98.20%
TIL
INSTIL BIO INC
United States
$68.94M6,503,9134.92%95.08%
MNPR
MONOPAR THERAPEUTICS
United States
$11.49M17,454,9251.40%98.60%Net SellingNet Selling
AVBP
ARRIVENT BIOPHARMA INC
United States
$471.97M30,567,7680.00%34.25%Net BuyingNet Buying
BIOR
BIORA THERAPEUTICS INC
United States
$19.04M30,313,42810.45%89.55%Net Selling
BCDA
BIOCARDIA INC
United States
$10.08M26,732,5421.04%98.96%Net BuyingNet Buying
INDP
INDAPTUS THERAPEUTICS INC
Israel
$18.02M8,538,8837.05%84.59%Net Buying
SAVA
CASSAVA SCIENCES INC
United States
$965.65M43,225,21128.44%71.56%Net BuyingNet Buying
FBLG
FIBROBIOLOGICS INC
United States
$329.93M32,634,3660.00%0.39%
ANRO
ALTO NEUROSCIENCE INC
United States
$381.21M26,883,9880.00%24.97%Net BuyingNet Buying
NVCT
NUVECTIS PHARMA INC
United States
$115.50M17,768,8248.52%50.88%Net BuyingNet Buying
ELEV
ELEVATION ONCOLOGY INC
United States
$176.12M48,651,11553.13%24.22%Net SellingNet Selling
APLM
APOLLOMICS INC
United States
$40.27M89,495,7909.89%0.00%
CALC
CALCIMEDICA INC
United States
$58.53M10,740,1152.26%97.74%Net BuyingNet Buying
XRTX
XORTX THERAPEUTICS INC
Canada
$5.86M1,998,848100.00%0.00%
CARA
CARA THERAPEUTICS INC
United States
$37.38M54,656,41344.64%53.42%Net SellingNet Selling
ESLA
ESTRELLA IMMUNOPHARMA INC
United States
$37.34M36,610,8700.35%80.34%Net Selling
INAB
IN8BIO INC
United States
$45.02M43,287,32519.83%52.04%Net Buying
MNMD
MIND MEDICINE (MINDMED) INC
Canada
$352.17M41,334,30710.01%89.99%Net SellingNet Selling
KOD
KODIAK SCIENCES INC
United States
$172.23M52,508,60267.33%32.67%Net Selling
NEXI
NEXIMMUNE INC
United States
$4.62M1,371,0511.34%98.66%Net Selling
BOLD
BOUNDLESS BIO INC
United States
N/A22,239,3330.00%23.98%Net BuyingNet Buying
LIXT
LIXTE BIOTECHNOLOGY HOLDINGS INC
United States
$7.33M2,249,2902.04%97.96%Net Buying
CNTX
CONTEXT THERAPEUTICS INC
United States
$22.51M15,966,05322.29%7.22%
ASMB
ASSEMBLY BIOSCIENCES INC
United States
$69.36M5,482,75223.35%76.65%Net BuyingNet Selling
ANL
ADLAI NORTYE LTD
United States
$506.87M110,700,8050.06%0.00%
LCTX
LINEAGE CELL THERAPEUTICS INC
United States
$214.93M188,533,53634.36%65.64%Net BuyingNet Buying
SCPX
SCORPIUS HOLDINGS INC
United States
$6.09M36,031,9644.71%17.31%
IMUX
IMMUNIC INC
Germany
$109.71M89,929,01616.47%17.18%Net BuyingNet Buying
ALRN
AILERON THERAPEUTICS INC
United States
$84.86M16,972,5123.39%96.61%Net Buying
ADXN
ADDEX THERAPEUTICS LTD
Switzerland
$16.13M125,195,3930.13%0.00%
AKBA
AKEBIA THERAPEUTICS INC
United States
$280.56M209,372,27526.15%8.85%Net SellingNet Selling
VERA
VERA THERAPEUTICS INC
United States
$2.16B54,452,02955.23%44.77%Net SellingNet Selling
KZIA
KAZIA THERAPEUTICS LTD
Australia
$9.75M263,615,4441.85%8.44%
MDGL
MADRIGAL PHARMACEUTICALS INC
United States
$3.85B19,897,42522.67%77.33%Net BuyingNet Buying
AGEN
AGENUS INC
United States
$244.86M20,946,00463.15%36.85%Net BuyingNet Buying
VAXX
VAXXINITY INC
United States
$14.83M126,747,6844.14%95.86%Net Selling
TSVT
2SEVENTY BIO INC
United States
$218.33M51,311,13265.20%34.80%Net BuyingNet Buying
AVTX
AVALO THERAPEUTICS INC
United States
$16.48M1,034,1300.03%99.97%Net Selling
GUTS
FRACTYL HEALTH INC
United States
$320.78M47,878,2690.00%59.98%Net BuyingNet Buying
OMER
OMEROS CORP
United States
$182.52M57,942,69543.03%6.69%Net Buying
EVAX
EVAXION BIOTECH A
Denmark
$15.84M37,897,7801.18%0.00%
FGEN
FIBROGEN INC
United States
$102.72M98,771,24770.94%12.66%Net SellingNet Selling
BBIO
BRIDGEBIO PHARMA INC
United States
$4.37B175,831,53655.86%44.14%Net SellingNet Selling
NTRB
NUTRIBAND INC
United States
$27.81M7,833,1502.49%72.38%
DARE
DARE BIOSCIENCE INC
United States
$30.78M100,581,9006.57%25.43%
CERO
CERO THERAPEUTICS HOLDINGS INC
United States
$20.17M14,723,5655.67%22.11%
NCNA
NUCANA PLC
United Kingdom
$8.46M52,860,33529.52%0.00%
GRI
GRI BIO INC
United States
$1.37M3,196,4886.80%86.05%
SANA
SANA BIOTECHNOLOGY INC
United States
$1.92B220,447,55747.20%52.80%Net BuyingNet Buying
CTCX
CARMELL CORP
United States
$40.22M19,245,24811.98%59.11%Net Buying
PHGE
BIOMX INC
United States
$19.33M55,220,07714.70%48.14%Net Buying
ARWR
ARROWHEAD PHARMACEUTICALS INC
United States
$2.74B123,896,91462.55%10.70%Net SellingNet Selling
BIVI
BIOVIE INC
United States
$19.34M39,871,0983.68%96.32%Net Selling
MBIO
MUSTANG BIO INC
United States
$3.28M10,390,1329.95%24.56%
LBPH
LONGBOARD PHARMACEUTICALS INC
United States
$710.26M36,017,24945.89%0.09%Net Selling
ITRM
ITERUM THERAPEUTICS PLC
Ireland
$27.43M16,426,7841.70%98.30%Net Buying
WINT
WINDTREE THERAPEUTICS INC
United States
$2.67M510,1790.28%99.72%Net Buying
RNAZ
TRANSCODE THERAPEUTICS INC
United States
$3.19M5,808,05312.47%59.74%Net Buying
VINC
VINCERX PHARMA INC
United States
$15.63M21,413,38945.80%53.71%Net Buying
PMN
PROMIS NEUROSCIENCES INC
Canada
$37.54M18,961,11617.66%24.49%

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.