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Best Medical Stocks to Buy Now (2024)
Top medical stocks in 2024 ranked by overall Zen Score. See the best medical stocks to buy now, according to analyst forecasts for the medical instruments & supplies industry.

Industry: Medical Instruments & Sup...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
OSUR
ORASURE TECHNOLOGIES INC
NASDAQ
Medical Instruments & Supplies
$387.43M$5.250.57%$77.19M7.19x0.12
STAA
STAAR SURGICAL CO
NASDAQ
Medical Instruments & Supplies
$2.26B$46.34-0.60%$31.83M105.32x0.27
UTMD
UTAH MEDICAL PRODUCTS INC
NASDAQ
Medical Instruments & Supplies
$242.69M$67.62-0.73%$26.46M14.76x0.06
ISRG
INTUITIVE SURGICAL INC
NASDAQ
Medical Instruments & Supplies
$131.83B$374.17-1.16%$2.39B73.08x0.15
MMSI
MERIT MEDICAL SYSTEMS INC
NASDAQ
Medical Instruments & Supplies
$4.14B$71.51-1.70%$228.89M43.60x0.93
ALC
ALCON INC
NYSE
Medical Instruments & Supplies
$38.97B$79.00-0.77%$2.25B39.90x0.44
LMAT
LEMAITRE VASCULAR INC
NASDAQ
Medical Instruments & Supplies
$1.41B$63.04-1.68%$48.99M46.35x0.16
WST
WEST PHARMACEUTICAL SERVICES INC
NYSE
Medical Instruments & Supplies
$27.66B$377.36-0.56%$862.00M47.29x0.33
ATRC
ATRICURE INC
NASDAQ
Medical Instruments & Supplies
$1.12B$23.451.52%-$8.11M-35.53x0.32
HOLX
HOLOGIC INC
NASDAQ
Medical Instruments & Supplies
$17.59B$74.92-0.25%$1.06B35.34x0.82
TFX
TELEFLEX INC
NYSE
Medical Instruments & Supplies
$9.80B$208.30-0.86%$759.97M27.48x0.70
RMD
RESMED INC
NYSE
Medical Instruments & Supplies
$25.57B$173.83-5.97%$1.37B28.68x0.54
ATR
APTARGROUP INC
NYSE
Medical Instruments & Supplies
$9.14B$138.40-0.14%$664.15M31.89x0.92
ATRI
ATRION CORP
NASDAQ
Medical Instruments & Supplies
$701.75M$398.76-2.53%$37.62M36.19x0.07
BDX
BECTON DICKINSON & CO
NYSE
Medical Instruments & Supplies
$67.09B$232.210.52%$4.24B54.90x1.06
HAE
HAEMONETICS CORP
NYSE
Medical Instruments & Supplies
$4.31B$84.880.84%$263.63M33.95x1.33
STVN
STEVANATO GROUP SPA
NYSE
Medical Instruments & Supplies
$8.53B$28.86-0.38%$325.43M48.26x0.83
EKSO
EKSO BIONICS HOLDINGS INC
NASDAQ
Medical Instruments & Supplies
$22.92M$1.28-3.76%-$13.20M-1.16x1.29
COO
COOPER COMPANIES INC
NASDAQ
Medical Instruments & Supplies
$17.86B$89.86-0.74%$934.70M61.34x0.56
NYXH
NYXOAH SA
NASDAQ
Medical Instruments & Supplies
$273.84M$9.552.69%-$41.92M-5.69x0.27
AKYA
AKOYA BIOSCIENCES INC
NASDAQ
Medical Instruments & Supplies
$192.14M$3.91-1.76%-$45.63M-2.73x2.35
PDEX
PRO DEX INC
NASDAQ
Medical Instruments & Supplies
$64.12M$18.26-0.87%$8.34M12.95x0.62
BAX
BAXTER INTERNATIONAL INC
NYSE
Medical Instruments & Supplies
$20.07B$39.52-0.13%$4.33B7.53x2.36
EMBC
EMBECTA CORP
NASDAQ
Medical Instruments & Supplies
$589.61M$10.24-1.06%$207.60M10.67x-2.54
NEPH
NEPHROS INC
NASDAQ
Medical Instruments & Supplies
$20.98M$1.99-1.97%-$1.36M-13.27x0.42
BNGO
BIONANO GENOMICS INC
NASDAQ
Medical Instruments & Supplies
$44.63M$0.82-4.67%-$213.34M-0.12x1.23
WRBY
WARBY PARKER INC
NYSE
Medical Instruments & Supplies
$1.43B$12.09-4.12%-$30.55M-22.39x0.92
SMTI
SANARA MEDTECH INC
NASDAQ
Medical Instruments & Supplies
$272.48M$31.60-0.16%$190.58k-60.77x0.65
OMIC
SINGULAR GENOMICS SYSTEMS INC
NASDAQ
Medical Instruments & Supplies
$29.42M$0.402.05%-$86.50M-0.31x0.48
RGEN
REPLIGEN CORP
NASDAQ
Medical Instruments & Supplies
$8.98B$160.98-1.94%$134.17M214.64x0.43
BLFS
BIOLIFE SOLUTIONS INC
NASDAQ
Medical Instruments & Supplies
$685.84M$15.14-5.38%-$51.75M-9.96x0.22
HBIO
HARVARD BIOSCIENCE INC
NASDAQ
Medical Instruments & Supplies
$177.50M$4.09-2.15%$8.03M-51.13x0.88
FEMY
FEMASYS INC
NASDAQ
Medical Instruments & Supplies
$28.73M$1.30-0.76%-$13.17M-1.40x0.51
XRAY
DENTSPLY SIRONA INC
NASDAQ
Medical Instruments & Supplies
$6.30B$30.36-1.40%$249.00M-48.97x1.24
INFU
INFUSYSTEM HOLDINGS INC
NYSEMKT
Medical Instruments & Supplies
$167.35M$7.87-0.63%$16.53M196.75x0.97
LUCY
INNOVATIVE EYEWEAR INC
NASDAQ
Medical Instruments & Supplies
$3.36M$0.263.17%-$6.58M-0.41x0.12
POCI
PRECISION OPTICS CORPORATION INC
NASDAQ
Medical Instruments & Supplies
$33.44M$5.510.93%-$1.29M-18.37x0.56
NXGL
NEXGEL INC
NASDAQ
Medical Instruments & Supplies
$14.04M$2.264.40%-$2.70M-4.03x1.02
KRMD
KORU MEDICAL SYSTEMS INC
NASDAQ
Medical Instruments & Supplies
$96.91M$2.12-1.40%-$8.90M-7.07x0.40
MHUA
MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO LTD
NASDAQ
Medical Instruments & Supplies
$14.60M$0.61-3.17%N/A2.26x0.17
MLSS
MILESTONE SCIENTIFIC INC
NYSEMKT
Medical Instruments & Supplies
$43.66M$0.57-3.06%-$6.90M-5.70x0.42
PLSE
PULSE BIOSCIENCES INC
NASDAQ
Medical Instruments & Supplies
$412.53M$7.47-3.98%-$42.37M-8.49x0.33
POAI
PREDICTIVE ONCOLOGY INC
NASDAQ
Medical Instruments & Supplies
$5.28M$1.30-6.55%-$13.24M-0.37x0.74
AZTA
AZENTA INC
NASDAQ
Medical Instruments & Supplies
$2.85B$51.17-1.94%$55.42M-155.06x0.16
AVGR
AVINGER INC
NASDAQ
Medical Instruments & Supplies
$6.25M$3.671.38%-$16.31M-0.16x-3.22
BLCO
BAUSCH & LOMB CORP
NYSE
Medical Instruments & Supplies
$5.02B$14.311.71%$487.00M-19.34x0.95
ICUI
ICU MEDICAL INC
NASDAQ
Medical Instruments & Supplies
$2.31B$95.88-0.47%$267.60M-77.95x1.06
MBOT
MICROBOT MEDICAL INC
NASDAQ
Medical Instruments & Supplies
$12.96M$0.90-5.16%-$10.63M-0.86x0.85
STXS
STEREOTAXIS INC
NYSEMKT
Medical Instruments & Supplies
$211.89M$2.58-2.27%-$20.09M-9.56x1.22
RVP
RETRACTABLE TECHNOLOGIES INC
NYSEMKT
Medical Instruments & Supplies
$31.13M$1.04-2.80%-$1.24M-4.33x0.81
NVST
ENVISTA HOLDINGS CORP
NYSE
Medical Instruments & Supplies
$3.36B$19.59-0.96%$171.10M-32.65x0.58
ANGO
ANGIODYNAMICS INC
NASDAQ
Medical Instruments & Supplies
$253.55M$6.33-2.76%-$169.01M-1.32x0.49
ZTEK
ZENTEK LTD
NASDAQ
Medical Instruments & Supplies
$112.96M$1.12-0.88%-$8.44M-13.83x0.11
ZJYL
JIN MEDICAL INTERNATIONAL LTD
NASDAQ
Medical Instruments & Supplies
$651.20M$4.07-6.22%N/AN/A0.32
STSS
SHARPS TECHNOLOGY INC
NASDAQ
Medical Instruments & Supplies
$4.94M$0.320.96%-$9.13M-0.41x0.49
GCTK
GLUCOTRACK INC
NASDAQ
Medical Instruments & Supplies
$19.13M$0.7236.19%-$7.09M-1.88x0.53

Medical Stocks FAQ

What are the best medical stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best medical stocks to buy right now are:

1. Orasure Technologies (NASDAQ:OSUR)


Orasure Technologies (NASDAQ:OSUR) is the top medical stock with a Zen Score of 59, which is 29 points higher than the medical industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Orasure Technologies has seen its stock lose -22.68% over the past year, underperforming other medical stocks by -9 percentage points.

Orasure Technologies has an average 1 year price target of $6.83, an upside of 30.15% from Orasure Technologies's current stock price of $5.25.

Orasure Technologies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Orasure Technologies, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Staar Surgical Co (NASDAQ:STAA)


Staar Surgical Co (NASDAQ:STAA) is the second best medical stock with a Zen Score of 57, which is 27 points higher than the medical industry average of 30. It passed 19 out of 33 due diligence checks and has strong fundamentals. Staar Surgical Co has seen its stock lose -31.62% over the past year, underperforming other medical stocks by -18 percentage points.

Staar Surgical Co has an average 1 year price target of $44.33, a downside of -4.33% from Staar Surgical Co's current stock price of $46.34.

Staar Surgical Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Staar Surgical Co, 33.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Intuitive Surgical (NASDAQ:ISRG)


Intuitive Surgical (NASDAQ:ISRG) is the third best medical stock with a Zen Score of 52, which is 22 points higher than the medical industry average of 30. It passed 17 out of 33 due diligence checks and has strong fundamentals. Intuitive Surgical has seen its stock return 39.15% over the past year, overperforming other medical stocks by 53 percentage points.

Intuitive Surgical has an average 1 year price target of $400.00, an upside of 6.9% from Intuitive Surgical's current stock price of $374.17.

Intuitive Surgical stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Intuitive Surgical, 61.54% have issued a Strong Buy rating, 23.08% have issued a Buy, 15.38% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the medical stocks with highest dividends?

Out of 11 medical stocks that have issued dividends in the past year, the 3 medical stocks with the highest dividend yields are:

1. Baxter International (NYSE:BAX)


Baxter International (NYSE:BAX) has an annual dividend yield of 2.94%, which is 2 percentage points higher than the medical industry average of 1.32%. Baxter International's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Baxter International's dividend has not shown consistent growth over the last 10 years.

Baxter International's dividend payout ratio of 22.1% indicates that its dividend yield is sustainable for the long-term.

2. Atrion (NASDAQ:ATRI)


Atrion (NASDAQ:ATRI) has an annual dividend yield of 2.19%, which is 1 percentage points higher than the medical industry average of 1.32%. Atrion's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Atrion's dividend has shown consistent growth over the last 10 years.

Atrion's dividend payout ratio of 78.9% indicates that its dividend yield is sustainable for the long-term.

3. Dentsply Sirona (NASDAQ:XRAY)


Dentsply Sirona (NASDAQ:XRAY) has an annual dividend yield of 1.91%, which is 1 percentage points higher than the medical industry average of 1.32%. Dentsply Sirona's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Dentsply Sirona's dividend has shown consistent growth over the last 10 years.

Dentsply Sirona's dividend payout ratio of -90.3% indicates that its dividend yield might not be sustainable for the long-term.

Why are medical stocks down?

Medical stocks were down -1.26% in the last day, and down -4.98% over the last week. Resmed was the among the top losers in the medical instruments & supplies industry, dropping -5.97% yesterday.

ResMed shares are trading lower following positive sleep apnea data from Eli Lilly, which could cause potential competitive pressures for ResMed.

What are the most undervalued medical stocks?

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

1. Orasure Technologies (NASDAQ:OSUR)


Orasure Technologies (NASDAQ:OSUR) is the most undervalued medical stock based on WallStreetZen's Valuation Score. Orasure Technologies has a valuation score of 100, which is 77 points higher than the medical industry average of 23. It passed 7 out of 7 valuation due diligence checks.

Orasure Technologies's stock has dropped -22.68% in the past year. It has underperformed other stocks in the medical industry by -9 percentage points.

2. Utah Medical Products (NASDAQ:UTMD)


Utah Medical Products (NASDAQ:UTMD) is the second most undervalued medical stock based on WallStreetZen's Valuation Score. Utah Medical Products has a valuation score of 71, which is 48 points higher than the medical industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Utah Medical Products's stock has dropped -30.56% in the past year. It has underperformed other stocks in the medical industry by -17 percentage points.

3. Teleflex (NYSE:TFX)


Teleflex (NYSE:TFX) is the third most undervalued medical stock based on WallStreetZen's Valuation Score. Teleflex has a valuation score of 57, which is 34 points higher than the medical industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Teleflex's stock has dropped -20.08% in the past year. It has underperformed other stocks in the medical industry by -7 percentage points.

Are medical stocks a good buy now?

45% of medical stocks rated by analysts are a strong buy right now. On average, analysts expect medical stocks to rise by 21.49% over the next year.

What is the average p/e ratio of the medical instruments & supplies industry?

The average P/E ratio of the medical instruments & supplies industry is 49.9x.
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.