Sectors & Industries HealthcareMedical Instruments & Supplies
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...

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
OSUR	ORASURE TECHNOLOGIES INC	$5.25	1,086,135	98.92%	5.68	5.94	6.60	7.15	6.42	22.69	2.38	2.74	2.87	0.96	-0.38	-0.32	-0.05	0.83
STAA	STAAR SURGICAL CO	$46.34	325,200	-45.92%	48.76	43.50	37.37	34.26	39.01	59.61	61.45	70.47	11.78	34.23	3.36	3.42	-0.06	1.25
UTMD	UTAH MEDICAL PRODUCTS INC	$67.62	42,745	55.55%	69.16	69.32	70.41	76.48	82.57	39.19	5.14	15.08	7.97	23.45	-0.66	-0.60	-0.05	0.60
ISRG	INTUITIVE SURGICAL INC	$374.17	1,607,767	1.91%	384.08	388.32	387.63	364.27	332.53	39.63	11.72	18.65	1.96	14.29	-2.13	-0.21	-1.93	1.23
MMSI	MERIT MEDICAL SYSTEMS INC	$71.51	287,571	64.41%	72.43	72.99	75.43	75.26	72.92	41.19	14.78	20.89	29.72	38.68	-0.79	-0.83	0.04	1.02
ALC	ALCON INC	$79.00	1,163,755	8.43%	82.04	82.62	82.32	79.06	78.97	33.66	6.54	11.38	0.00	2.68	-0.75	-0.19	-0.56	0.80
LMAT	LEMAITRE VASCULAR INC	$63.04	59,280	9.30%	64.93	65.44	64.84	60.35	58.21	40.61	16.13	26.93	9.14	19.46	-0.23	0.11	-0.34	0.96
WST	WEST PHARMACEUTICAL SERVICES INC	$377.36	355,376	-27.74%	385.81	388.97	381.06	367.38	371.26	43.06	10.47	10.97	1.44	0.96	0.31	2.77	-2.46	0.86
ATRC	ATRICURE INC	$23.45	1,057,560	-4.85%	25.13	27.03	31.27	33.20	38.97	27.95	8.75	6.46	10.40	8.37	-2.37	-2.09	-0.29	1.07
HOLX	HOLOGIC INC	$74.92	1,697,862	-3.78%	77.13	76.70	75.61	73.75	73.43	42.15	21.04	39.38	9.09	18.55	0.23	0.54	-0.31	0.79
TFX	TELEFLEX INC	$208.30	162,773	-19.64%	214.85	217.77	227.79	234.72	225.25	36.12	7.34	14.28	11.15	23.89	-4.13	-3.70	-0.42	0.95
RMD	RESMED INC	$173.83	3,003,318	629.17%	186.87	189.42	186.39	179.10	173.38	33.27	13.09	19.77	3.14	8.22	-1.29	0.40	-1.68	0.94
ATR	APTARGROUP INC	$138.40	519,389	84.38%	139.52	140.82	140.04	133.74	128.64	42.32	25.94	21.09	20.22	12.73	-0.50	0.03	-0.54	0.71
ATRI	ATRION CORP	$398.76	35,436	56.84%	413.08	420.84	398.31	370.14	408.20	46.31	29.36	28.78	19.64	18.69	-0.21	4.47	-4.68	0.59
BDX	BECTON DICKINSON & CO	$232.21	1,478,298	38.93%	239.15	241.17	240.13	239.18	251.34	39.03	7.72	8.09	2.81	0.94	-1.56	-0.06	-1.50	0.55
HAE	HAEMONETICS CORP	$84.88	359,409	31.61%	85.37	84.00	78.65	81.02	84.83	59.37	46.87	58.40	5.29	8.99	1.83	2.05	-0.23	0.82
STVN	STEVANATO GROUP SPA	$28.86	186,246	12.95%	2.71	2.91	2.80	2.49	1.86	35.83	8.54	5.95	1.21	0.40	-0.11	-0.02	-0.09	1.02
EKSO	EKSO BIONICS HOLDINGS INC	$1.28	58,155	-52.66%	1.36	1.39	1.64	1.78	1.41	40.35	35.71	43.65	63.42	73.61	-0.08	-0.09	0.01	0.64
COO	COOPER COMPANIES INC	$89.86	946,391	-20.01%	95.39	97.92	97.74	94.44	91.24	23.28	2.11	3.15	0.00	0.00	-1.97	-0.78	-1.19	0.91
NYXH	NYXOAH SA	$9.55	44,636	-32.64%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.39
AKYA	AKOYA BIOSCIENCES INC	$3.91	184,095	-40.63%	4.18	4.44	5.04	4.91	4.98	29.95	8.56	9.24	0.00	9.26	-0.28	-0.25	-0.03	1.50
PDEX	PRO DEX INC	$18.26	5,689	26.85%	18.24	17.89	17.79	18.20	17.64	53.41	69.68	69.92	60.72	71.49	0.19	0.10	0.09	0.60
BAX	BAXTER INTERNATIONAL INC	$39.52	2,800,139	5.35%	41.39	41.91	41.73	39.95	39.68	32.96	4.60	7.53	0.00	0.70	-0.45	-0.03	-0.42	0.67
EMBC	EMBECTA CORP	$10.24	363,299	-0.52%	11.33	12.06	13.53	15.65	16.56	24.41	12.74	10.08	19.97	14.28	-0.91	-0.75	-0.16	0.89
NEPH	NEPHROS INC	$1.99	11,985	164.04%	2.08	2.15	2.72	2.91	2.25	29.21	9.65	8.00	18.90	10.74	-0.18	-0.20	0.02	0.70
BNGO	BIONANO GENOMICS INC	$0.82	1,592,310	3.47%	0.97	1.01	1.11	1.31	2.37	26.61	5.62	9.77	0.00	8.18	-0.06	-0.05	-0.02	1.31
WRBY	WARBY PARKER INC	$12.09	995,430	-6.08%	13.13	13.10	13.12	12.88	12.93	39.51	13.71	27.70	0.00	4.17	-0.01	0.09	-0.10	2.00
SMTI	SANARA MEDTECH INC	$31.60	9,594	-14.56%	33.05	34.86	36.54	36.56	35.90	28.03	7.32	10.17	0.00	5.82	-1.33	-1.01	-0.32	0.69
OMIC	SINGULAR GENOMICS SYSTEMS INC	$0.40	256,214	-11.54%	0.43	0.47	0.52	0.48	0.50	35.64	16.47	20.96	19.54	18.52	-0.03	-0.02	-0.01	1.66
RGEN	REPLIGEN CORP	$160.98	518,256	-14.95%	171.79	179.40	190.22	182.83	169.89	27.03	5.91	6.61	2.55	14.25	-6.91	-5.30	-1.61	1.07
BLFS	BIOLIFE SOLUTIONS INC	$15.14	313,436	-26.95%	16.78	17.47	17.55	16.59	15.42	33.47	9.96	9.82	4.94	3.84	-0.45	-0.17	-0.28	1.51
HBIO	HARVARD BIOSCIENCE INC	$4.09	86,016	30.27%	4.35	4.28	4.37	4.57	4.53	44.32	34.54	44.68	25.52	40.13	-0.02	-0.01	-0.01	0.87
FEMY	FEMASYS INC	$1.30	116,521	-58.10%	1.46	1.56	1.58	1.24	1.05	37.07	8.99	9.17	7.16	5.58	-0.09	-0.04	-0.05	0.35
XRAY	DENTSPLY SIRONA INC	$30.36	1,781,319	-39.81%	31.71	32.22	32.92	33.61	34.46	30.14	5.23	10.69	0.00	4.12	-0.62	-0.44	-0.17	0.88
INFU	INFUSYSTEM HOLDINGS INC	$7.87	21,780	-26.40%	8.08	8.38	8.95	9.49	9.71	34.97	9.29	9.73	1.87	5.87	-0.32	-0.30	-0.03	0.86
LUCY	INNOVATIVE EYEWEAR INC	$0.26	542,672	456.93%	0.27	0.28	0.34	0.39	0.51	34.33	25.95	28.58	62.35	65.56	-0.02	-0.02	0.00	0.55
POCI	PRECISION OPTICS CORPORATION INC	$5.51	2,013	6,393.55%	5.52	5.64	5.70	5.90	5.96	45.48	48.21	40.88	43.31	31.67	-0.07	-0.06	-0.01	0.34
NXGL	NEXGEL INC	$2.26	1,419	-95.64%	2.20	2.39	2.43	2.32	2.18	44.42	25.60	23.16	22.75	18.24	-0.10	-0.08	-0.02	0.77
KRMD	KORU MEDICAL SYSTEMS INC	$2.12	139,633	42.66%	2.26	2.26	2.18	2.22	2.42	44.45	10.18	9.16	9.36	7.55	-0.01	0.02	-0.03	0.83
MHUA	MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO LTD	$0.61	29,380	-19.50%	0.68	0.72	0.77	1.13	1.74	31.76	5.78	11.49	2.02	19.19	-0.04	-0.03	-0.01	0.65
MLSS	MILESTONE SCIENTIFIC INC	$0.57	14,943	-5.01%	0.60	0.62	0.66	0.66	0.82	38.94	24.42	28.15	46.78	42.76	-0.03	-0.02	-0.00	0.94
PLSE	PULSE BIOSCIENCES INC	$7.47	149,671	31.80%	7.52	8.03	8.91	9.23	7.44	38.50	41.75	36.76	84.28	60.32	-0.49	-0.49	0.00	1.18
POAI	PREDICTIVE ONCOLOGY INC	$1.30	14,611	-48.28%	1.70	2.09	2.65	2.87	3.50	15.71	2.27	4.52	0.00	3.80	-0.36	-0.30	-0.06	0.89
AZTA	AZENTA INC	$51.17	434,851	-22.67%	55.46	57.23	61.39	62.09	56.11	22.56	2.55	3.85	0.00	2.61	-2.41	-1.89	-0.52	1.47
AVGR	AVINGER INC	$3.67	6,084	-64.68%	3.74	3.39	3.34	3.12	5.24	54.36	51.58	66.61	36.05	58.02	0.17	0.13	0.04	0.77
BLCO	BAUSCH & LOMB CORP	$14.31	342,234	-31.25%	15.27	15.96	15.81	15.54	16.71	32.73	11.45	13.38	4.46	2.07	-0.46	-0.16	-0.30	1.01
ICUI	ICU MEDICAL INC	$95.88	140,242	-3.58%	99.90	100.67	102.02	97.74	114.68	40.03	7.45	11.62	0.00	2.53	-1.09	-0.33	-0.76	0.72
MBOT	MICROBOT MEDICAL INC	$0.90	237,812	-4.87%	1.09	1.14	1.20	1.27	1.56	28.78	4.82	4.18	2.90	2.90	-0.07	-0.04	-0.03	0.99
STXS	STEREOTAXIS INC	$2.58	228,666	-9.16%	2.88	2.75	2.70	2.28	1.92	43.59	19.73	30.03	0.79	8.54	0.04	0.08	-0.04	0.92
RVP	RETRACTABLE TECHNOLOGIES INC	$1.04	182,924	272.92%	1.09	1.14	1.20	1.18	1.16	27.67	15.69	15.43	21.80	27.51	-0.04	-0.03	-0.01	1.09
NVST	ENVISTA HOLDINGS CORP	$19.59	1,891,911	-46.86%	20.03	20.53	21.36	22.63	25.95	39.00	20.58	13.19	29.93	18.22	-0.55	-0.47	-0.08	1.03
ANGO	ANGIODYNAMICS INC	$6.33	490,611	-4.64%	6.62	6.15	5.93	6.35	7.04	53.00	43.41	48.75	18.09	34.42	0.21	0.21	0.01	0.98
ZTEK	ZENTEK LTD	$1.12	14,964	-34.52%	1.13	1.19	1.24	1.22	1.29	40.49	45.45	48.60	59.58	62.68	-0.04	-0.03	-0.00	0.72
ZJYL	JIN MEDICAL INTERNATIONAL LTD	$4.07	804,644	-39.38%	1.09	1.14	1.45	1.86	2.21	41.00	33.65	28.81	95.58	75.73	-0.11	-0.13	0.03	1.81
STSS	SHARPS TECHNOLOGY INC	$0.32	27,070	15.04%	0.33	0.33	0.33	0.37	0.52	44.96	37.30	54.51	2.16	34.05	-0.00	-0.00	-0.00	0.71
GCTK	GLUCOTRACK INC	$0.72	636,968	1.00%	0.48	0.41	0.33	0.28	0.27	79.67	76.90	61.30	44.10	27.01	0.06	0.04	0.02	0.28

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.

Sectors & Industries HealthcareMedical Instruments & Supplies
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.

Medical Stocks FAQ

1. Orasure Technologies (NASDAQ:OSUR)

2. Staar Surgical Co (NASDAQ:STAA)

3. Intuitive Surgical (NASDAQ:ISRG)

1. Baxter International (NYSE:BAX)

2. Atrion (NASDAQ:ATRI)

3. Dentsply Sirona (NASDAQ:XRAY)

1. Orasure Technologies (NASDAQ:OSUR)

2. Utah Medical Products (NASDAQ:UTMD)

3. Teleflex (NYSE:TFX)

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