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Sectors & IndustriesHealthcareDiagnostics & Research
Best Diagnostic & Research Stocks to Buy Now (2024)
Top diagnostic & research stocks in 2024 ranked by overall Zen Score. See the best diagnostic & research stocks to buy now, according to analyst forecasts for the diagnostics & research industry.

Industry: Diagnostics & Research
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
ICLR
ICON PLC
$26.02B$8.23B$1.62B$683.12M$8.305.29%25.44%32.80%6.18%
STRR
STAR EQUITY HOLDINGS INC
$13.95M$45.79M$26.87M$23.22M$1.61-19.88%-15.16%N/A34.19%2024-05-20
FONR
FONAR CORP
$102.27M$102.72M$25.65M$10.29M$1.615.16%3.68%8.78%-12.00%2024-05-20
TMO
THERMO FISHER SCIENTIFIC INC
$227.24B$42.49B$11.37B$6.03B$15.65-3.00%11.52%1.36%14.62%2024-05-22
IDXX
IDEXX LABORATORIES INC
$44.88B$3.72B$1.24B$866.57M$10.438.57%10.59%24.17%18.31%
CRL
CHARLES RIVER LABORATORIES INTERNATIONAL INC
$11.42B$4.11B$1.00B$438.82M$8.550.49%11.59%-12.40%12.47%
ENZ
ENZO BIOCHEM INC
$55.84M$12.81M$33.74M$32.57M$0.67N/A-32.08%N/AN/A2024-06-12
DGX
QUEST DIAGNOSTICS INC
$16.03B$9.29B$1.70B$846.00M$7.53-3.29%4.26%8.66%7.24%2024-05-29
MEDP
MEDPACE HOLDINGS INC
$12.19B$1.96B$405.89M$312.51M$10.1725.57%21.47%24.33%36.07%
SHC
SOTERA HEALTH CO
$3.20B$1.08B$426.24M$54.86M$0.199.05%N/AN/AN/A2024-05-23
NEOG
NEOGEN CORP
$2.93B$929.24M$188.76M$1.57M$0.0228.93%17.63%-50.00%-49.27%
LAB
STANDARD BIOTOOLS INC
$956.40M$126.76M-$76.45M-$135.98M-$1.0131.27%1.47%N/AN/A
A
AGILENT TECHNOLOGIES INC
$45.20B$6.74B$1.69B$1.24B$4.22-2.81%6.19%-5.17%3.46%2024-05-29
QGEN
QIAGEN NV
$10.23B$1.94B$680.17M$336.94M$1.47-2.99%5.17%-3.36%10.88%2024-06-17
DHR
DANAHER CORP
$196.87B$22.52B$7.54B$4.40B$5.96-9.58%6.32%-36.66%11.68%
FLGT
FULGENT GENETICS INC
$661.63M$287.53M-$127.63M-$165.95M-$5.57-21.20%67.10%N/AN/A
SERA
SERA PROGNOSTICS INC
$269.72M$206.00k-$32.31M-$33.77M-$1.07-37.58%N/AN/AN/A
CSTL
CASTLE BIOSCIENCES INC
$669.20M$250.73M-$17.87M-$30.80M-$1.1464.71%55.20%N/AN/A
EXAS
EXACT SCIENCES CORP
$9.30B$2.53B$32.77M-$240.23M-$1.3215.21%36.95%N/AN/A
NTRA
NATERA INC
$13.07B$1.21B-$311.83M-$365.46M-$3.1239.26%35.75%N/AN/A
PRE
PRENETICS GLOBAL LTD
$70.84M$21.74M-$55.20M-$62.72M-$5.5865.17%18.68%N/AN/A
RVTY
REVVITY INC
$13.60B$2.73B$665.40M$149.63M$1.22-9.85%-0.41%-83.99%-11.36%
CHEK
CHECK-CAP LTD
$12.78M$0.00-$19.08M-$17.57M-$3.00N/AN/AN/AN/A
OLK
OLINK HOLDING AB (PUBL)
$2.98B$170.89M-$21.35M-$33.71M-$0.2718.16%N/AN/AN/A
LH
LABCORP HOLDINGS INC
$17.75B$12.30B$1.55B$433.10M$5.104.62%1.75%-54.34%-10.52%
WAT
WATERS CORP
$21.11B$2.91B$979.13M$603.51M$10.21-1.94%3.89%-11.60%5.51%2024-05-23
PRPO
PRECIPIO INC
$9.24M$15.81M-$3.37M-$4.90M-$3.4261.64%40.73%N/AN/A2024-06-13
DRIO
DARIOHEALTH CORP
$56.85M$19.04M-$50.61M-$59.90M-$1.68-28.58%19.30%N/AN/A
NEO
NEOGENOMICS INC
$1.89B$610.66M$1.33M-$84.23M-$0.6615.27%14.60%N/AN/A2024-05-23
TWST
TWIST BIOSCIENCE CORP
$2.74B$277.49M-$155.32M-$192.14M-$3.3621.79%47.31%N/AN/A
IQV
IQVIA HOLDINGS INC
$42.12B$15.07B$3.27B$1.36B$7.423.97%7.43%30.86%43.25%
MTD
METTLER TOLEDO INTERNATIONAL INC
$32.52B$3.79B$1.17B$777.86M$35.85-4.18%5.08%-9.65%11.11%
BNR
BURNING ROCK BIOTECH LTD
$85.03M$74.33M-$71.63M-$90.41M-$8.82-6.20%20.19%N/AN/A2024-05-28
ACRS
ACLARIS THERAPEUTICS INC
$84.81M$31.12M-$76.72M-$77.26M-$1.090.95%31.78%N/AN/A2024-06-06
RDNT
RADNET INC
$4.24B$1.66B$281.33M$21.27M$0.3312.10%10.30%N/A-14.91%
CDNA
CAREDX INC
$807.30M$275.11M-$175.06M-$183.19M-$3.41-13.93%25.46%N/AN/A
PSNL
PERSONALIS INC
$72.71M$74.15M-$79.45M-$92.61M-$1.907.96%9.23%N/AN/A
STIM
NEURONETICS INC
$78.29M$73.23M-$19.49M-$27.54M-$0.9510.01%5.76%N/AN/A
ME
23ANDME HOLDING CO
$283.47M$247.99M-$490.64M-$521.97M-$1.11-19.40%N/AN/AN/A2024-05-26
GH
GUARDANT HEALTH INC
$3.10B$603.73M-$414.22M-$460.90M-$3.9625.21%40.42%N/AN/A2024-05-29
XWEL
XWELL INC
$7.28M$31.77M-$21.66M-$24.74M-$5.95-18.44%-8.57%N/AN/A
OCX
ONCOCYTE CORP
$39.16M$1.38M-$38.55M-$40.86M-$5.0857.94%N/AN/AN/A2024-06-28
MYGN
MYRIAD GENETICS INC
$2.29B$774.20M-$163.70M-$234.60M-$2.8011.44%-1.37%N/AN/A
DMTK
DERMTECH INC
$17.45M$15.66M-$84.05M-$89.63M-$2.689.71%53.04%N/AN/A2024-05-30
XGN
EXAGEN INC
$32.66M$55.73M-$14.09M-$19.36M-$1.0920.12%N/AN/AN/A2024-06-10
PRPH
PROPHASE LABS INC
$95.97M$28.72M-$23.50M-$23.60M-$1.36-69.59%18.99%N/AN/A
AWH
ASPIRA WOMEN's HEALTH INC
$33.12M$8.99M-$14.60M-$14.74M-$1.424.46%22.90%N/AN/A
NDRA
ENDRA LIFE SCIENCES INC
$3.39M$0.00-$9.63M-$9.89M-$1.14N/AN/AN/AN/A2024-07-05
VNRX
VOLITIONRX LTD
$63.77M$797.03k-$33.26M-$34.91M-$0.46133.06%N/AN/AN/A2024-07-02
MDXH
MDXHEALTH SA
$7.86M$75.33M-$21.40M-$39.90M-$13.7065.02%N/AN/AN/A2024-06-05
GENE
GENETIC TECHNOLOGIES LTD
$526.30k$5.55MN/A-$8.33M-$2.98-3.27%136.93%N/AN/A
NOTV
INOTIV INC
$50.12M$552.74M$19.33M-$71.29M-$2.77-7.47%75.72%N/AN/A
BIAF
BIOAFFINITY TECHNOLOGIES INC
$26.35M$4.94M-$7.92M-$8.37M-$0.9286,182.88%N/AN/AN/A
MYNZ
MAINZ BIOMED NV
$14.39M$895.48k-$24.62M-$26.30M-$1.6269.00%N/AN/AN/A2024-05-31
ILMN
ILLUMINA INC
$17.69B$4.49B-$640.00M-$1.29B-$8.151.03%5.76%N/AN/A
OPK
OPKO HEALTH INC
$920.03M$799.60M-$128.11M-$252.43M-$0.35-12.38%-3.55%N/AN/A
PMD
PSYCHEMEDICS CORP
$14.98M$21.60M-$970.00k-$4.46M-$0.77-12.18%-12.27%N/AN/A
APDN
APPLIED DNA SCIENCES INC
$2.47M$5.52M-$11.10M-$12.50M-$17.31-68.52%7.33%N/AN/A2024-06-12
TRIB
TRINITY BIOTECH PLC
$12.11M$56.83M-$11.25M-$24.02M-$3.20-9.10%-10.15%N/AN/A
BDSX
BIODESIX INC
$180.63M$54.85M-$32.10M-$47.06M-$0.5434.70%N/AN/AN/A
MMA
ALTA GLOBAL GROUP LTD
N/A$1.54M-$16.12M-$20.60M-$5.2663.35%N/AN/AN/A
ISPC
ISPECIMEN INC
$2.40M$9.27M-$9.41M-$11.57M-$1.28-14.45%N/AN/AN/A2024-05-22
TTOO
T2 BIOSYSTEMS INC
$49.59M$7.18M-$38.59M-$45.65M-$11.51-58.15%-6.37%N/AN/A
CNTG
CENTOGENE NV
$10.21M$52.19M-$20.95M-$38.50M-$1.376.78%3.00%N/AN/A2024-06-28

Diagnostic & Research Stocks FAQ

What are the best diagnostic & research stocks to buy right now in May 2024?

According to Zen Score, the 3 best diagnostic & research stocks to buy right now are:

1. Icon (NASDAQ:ICLR)


Icon (NASDAQ:ICLR) is the top diagnostic & research stock with a Zen Score of 47, which is 21 points higher than the diagnostic & research industry average of 26. It passed 15 out of 33 due diligence checks and has strong fundamentals. Icon has seen its stock return 49.4% over the past year, overperforming other diagnostic & research stocks by 38 percentage points.

Icon has an average 1 year price target of $344.38, an upside of 9.42% from Icon's current stock price of $314.72.

Icon stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Icon, 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.

2. Star Equity Holdings (NASDAQ:STRR)


Star Equity Holdings (NASDAQ:STRR) is the second best diagnostic & research stock with a Zen Score of 46, which is 20 points higher than the diagnostic & research industry average of 26. It passed 18 out of 38 due diligence checks and has strong fundamentals. Star Equity Holdings has seen its stock return 10% over the past year, underperforming other diagnostic & research stocks by -1 percentage points.

3. Fonar (NASDAQ:FONR)


Fonar (NASDAQ:FONR) is the third best diagnostic & research stock with a Zen Score of 43, which is 17 points higher than the diagnostic & research industry average of 26. It passed 13 out of 33 due diligence checks and has strong fundamentals. Fonar has seen its stock lose -9.98% over the past year, underperforming other diagnostic & research stocks by -21 percentage points.

What are the diagnostic & research stocks with highest dividends?

Out of 7 diagnostic & research stocks that have issued dividends in the past year, the 3 diagnostic & research stocks with the highest dividend yields are:

1. Qiagen Nv (NYSE:QGEN)


Qiagen Nv (NYSE:QGEN) has an annual dividend yield of 2.8%, which is 2 percentage points higher than the diagnostic & research industry average of 1.25%.

Qiagen Nv's dividend payout ratio of 87.2% indicates that its dividend yield is sustainable for the long-term.

2. Quest Diagnostics (NYSE:DGX)


Quest Diagnostics (NYSE:DGX) has an annual dividend yield of 2%, which is 1 percentage points higher than the diagnostic & research industry average of 1.25%. Quest Diagnostics's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Quest Diagnostics's dividend has shown consistent growth over the last 10 years.

Quest Diagnostics's dividend payout ratio of 38.2% indicates that its dividend yield is sustainable for the long-term.

3. Labcorp Holdings (NYSE:LH)


Labcorp Holdings (NYSE:LH) has an annual dividend yield of 1.03%, which is the same as the diagnostic & research industry average of 1.25%. Labcorp Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Labcorp Holdings's dividend has not shown consistent growth over the last 10 years.

Labcorp Holdings's dividend payout ratio of 56.5% indicates that its dividend yield is sustainable for the long-term.

Why are diagnostic & research stocks down?

Diagnostic & research stocks were down -0.44% in the last day, and up 1.56% over the last week.

We couldn't find a catalyst for why diagnostic & research stocks are down.

What are the most undervalued diagnostic & research stocks?

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

1. Star Equity Holdings (NASDAQ:STRR)


Star Equity Holdings (NASDAQ:STRR) is the most undervalued diagnostic & research stock based on WallStreetZen's Valuation Score. Star Equity Holdings has a valuation score of 71, which is 53 points higher than the diagnostic & research industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Star Equity Holdings's stock has gained 10% in the past year. It has underperformed other stocks in the diagnostic & research industry by -1 percentage points.

2. Enzo Biochem (NYSE:ENZ)


Enzo Biochem (NYSE:ENZ) is the second most undervalued diagnostic & research stock based on WallStreetZen's Valuation Score. Enzo Biochem has a valuation score of 71, which is 53 points higher than the diagnostic & research industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Enzo Biochem's stock has dropped -52.81% in the past year. It has underperformed other stocks in the diagnostic & research industry by -64 percentage points.

3. Fonar (NASDAQ:FONR)


Fonar (NASDAQ:FONR) is the third most undervalued diagnostic & research stock based on WallStreetZen's Valuation Score. Fonar has a valuation score of 71, which is 53 points higher than the diagnostic & research industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Fonar's stock has dropped -9.98% in the past year. It has underperformed other stocks in the diagnostic & research industry by -21 percentage points.

Are diagnostic & research stocks a good buy now?

52.08% of diagnostic & research stocks rated by analysts are a strong buy right now. On average, analysts expect diagnostic & research stocks to rise by 5.02% over the next year.

What is the average p/e ratio of the diagnostics & research industry?

The average P/E ratio of the diagnostics & research industry is 38.96x.
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.