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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
ICLR
ICON PLC
Ireland
$26.02B82,683,80592.95%0.00%
STRR
STAR EQUITY HOLDINGS INC
United States
$13.95M15,848,2023.59%96.41%Net BuyingNet Selling
FONR
FONAR CORP
United States
$102.27M6,710,80746.58%3.51%
TMO
THERMO FISHER SCIENTIFIC INC
United States
$227.24B381,716,32386.41%0.88%Net SellingNet Selling
IDXX
IDEXX LABORATORIES INC
United States
$44.88B82,587,32886.09%1.69%Net BuyingNet Buying
CRL
CHARLES RIVER LABORATORIES INTERNATIONAL INC
United States
$11.42B51,511,68796.77%3.23%Net SellingNet Selling
ENZ
ENZO BIOCHEM INC
United States
$55.84M51,225,73426.98%48.12%Net Selling
DGX
QUEST DIAGNOSTICS INC
United States
$16.03B111,091,57487.28%1.76%Net SellingNet Selling
MEDP
MEDPACE HOLDINGS INC
United States
$12.19B30,983,39927.68%72.32%Net SellingNet Selling
SHC
SOTERA HEALTH CO
United States
$3.20B283,070,82662.45%37.55%Net SellingNet Selling
NEOG
NEOGEN CORP
United States
$2.93B216,607,74698.48%1.52%Net BuyingNet Buying
LAB
STANDARD BIOTOOLS INC
United States
$956.40M372,141,53071.30%26.00%Net BuyingNet Buying
A
AGILENT TECHNOLOGIES INC
United States
$45.20B293,055,28487.26%1.19%Net BuyingNet Selling
QGEN
QIAGEN NV
Netherlands
$10.23B223,904,00058.64%0.00%
DHR
DANAHER CORP
United States
$196.87B740,686,54175.77%24.23%Net SellingNet Selling
FLGT
FULGENT GENETICS INC
United States
$661.63M29,924,28841.89%58.11%Net SellingNet Selling
SERA
SERA PROGNOSTICS INC
United States
$269.72M32,653,77744.13%20.95%Net SellingNet Selling
CSTL
CASTLE BIOSCIENCES INC
United States
$669.20M27,607,18384.88%15.12%Net SellingNet Selling
EXAS
EXACT SCIENCES CORP
United States
$9.30B184,529,72187.59%3.27%Net SellingNet Selling
NTRA
NATERA INC
United States
$13.07B122,802,69478.93%21.07%Net SellingNet Buying
PRE
PRENETICS GLOBAL LTD
Hong Kong
$70.84M12,205,20021.37%0.00%
RVTY
REVVITY INC
United States
$13.60B123,392,99184.12%2.55%Net BuyingNet Selling
CHEK
CHECK-CAP LTD
Israel
$12.78M5,850,7700.11%0.00%
OLK
OLINK HOLDING AB (PUBL)
Sweden
$2.98B124,342,71530.80%0.00%
LH
LABCORP HOLDINGS INC
United States
$17.75B84,293,62891.75%1.52%Net SellingNet Selling
WAT
WATERS CORP
United States
$21.11B59,319,69992.29%7.71%Net SellingNet Selling
PRPO
PRECIPIO INC
United States
$9.24M1,469,5400.50%99.50%Net BuyingNet Buying
DRIO
DARIOHEALTH CORP
Israel
$56.85M29,923,25029.90%53.11%
NEO
NEOGENOMICS INC
United States
$1.89B127,711,93072.34%27.66%Net SellingNet Selling
TWST
TWIST BIOSCIENCE CORP
United States
$2.74B58,225,99988.30%11.70%Net SellingNet Selling
IQV
IQVIA HOLDINGS INC
United States
$42.12B182,200,00053.14%46.86%Net SellingNet Selling
MTD
METTLER TOLEDO INTERNATIONAL INC
United States
$32.52B21,357,37093.09%4.54%Net SellingNet Buying
BNR
BURNING ROCK BIOTECH LTD
China
$85.03M102,440,44820.16%0.00%
ACRS
ACLARIS THERAPEUTICS INC
United States
$84.81M71,264,78655.08%44.92%Net SellingNet Selling
RDNT
RADNET INC
United States
$4.24B73,880,14567.02%32.98%Net Selling
CDNA
CAREDX INC
United States
$807.30M52,083,79278.99%21.01%Net SellingNet Buying
PSNL
PERSONALIS INC
United States
$72.71M51,938,83942.83%17.87%Net SellingNet Buying
STIM
NEURONETICS INC
United States
$78.29M29,997,56352.75%47.25%Net SellingNet Selling
ME
23ANDME HOLDING CO
United States
$283.47M482,916,63625.40%2.59%Net BuyingNet Selling
GH
GUARDANT HEALTH INC
United States
$3.10B122,369,21464.07%35.93%Net BuyingNet Buying
XWEL
XWELL INC
United States
$7.28M4,183,4351.38%98.62%Net Buying
OCX
ONCOCYTE CORP
United States
$39.16M13,364,6375.72%94.28%Net BuyingNet Buying
MYGN
MYRIAD GENETICS INC
United States
$2.29B90,507,98192.82%7.18%Net SellingNet Selling
DMTK
DERMTECH INC
United States
$17.45M34,962,99412.14%76.98%Net SellingNet Selling
XGN
EXAGEN INC
United States
$32.66M17,373,48235.48%64.52%Net BuyingNet Buying
PRPH
PROPHASE LABS INC
United States
$95.97M19,078,5298.91%54.08%
AWH
ASPIRA WOMEN's HEALTH INC
United States
$33.12M12,449,5122.19%97.81%Net Buying
NDRA
ENDRA LIFE SCIENCES INC
United States
$3.39M11,035,6592.08%8.73%
VNRX
VOLITIONRX LTD
United States
$63.77M82,815,1219.40%39.76%Net BuyingNet Selling
MDXH
MDXHEALTH SA
Belgium
$7.86M27,288,09311.51%88.49%
GENE
GENETIC TECHNOLOGIES LTD
Australia
$526.30k115,417,2460.06%0.00%
NOTV
INOTIV INC
United States
$50.12M25,971,45025.19%43.41%Net Buying
BIAF
BIOAFFINITY TECHNOLOGIES INC
United States
$26.35M11,657,5372.01%36.86%Net BuyingNet Buying
MYNZ
MAINZ BIOMED NV
Germany
$14.39M21,165,4820.69%0.00%
ILMN
ILLUMINA INC
United States
$17.69B159,300,00089.03%1.99%Net SellingNet Buying
OPK
OPKO HEALTH INC
United States
$920.03M696,991,67716.30%83.70%Net BuyingNet Buying
PMD
PSYCHEMEDICS CORP
United States
$14.98M5,805,61120.81%49.61%Net Selling
APDN
APPLIED DNA SCIENCES INC
United States
$2.47M984,72817.77%82.23%
TRIB
TRINITY BIOTECH PLC
Ireland
$12.11M153,310,2841.91%0.00%
BDSX
BIODESIX INC
United States
$180.63M114,685,78313.96%61.11%Net BuyingNet Selling
MMA
ALTA GLOBAL GROUP LTD
Australia
N/A10,223,0790.00%0.00%
ISPC
ISPECIMEN INC
United States
$2.40M9,978,9583.00%64.70%Net Buying
TTOO
T2 BIOSYSTEMS INC
United States
$49.59M8,792,9500.32%99.68%Net Selling
CNTG
CENTOGENE NV
Germany
$10.21M27,595,8357.76%0.00%

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.
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