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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
Price
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6m %
1y %
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52-week High
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Beta
Volume
Vol 1d %
OSUR
ORASURE TECHNOLOGIES INC
$5.533.36%5.94%-11.09%-30.09%3.95%-20.77%-41.17%-41.79%-19.74%$8.45$4.3834.56%26.40%0.83712,0415.81%
STAA
STAAR SURGICAL CO
$48.193.52%3.37%29.61%57.95%15.98%-32.07%-63.98%56.31%155.51%$73.13$26.6634.10%80.79%1.25747,284203.04%
UTMD
UTAH MEDICAL PRODUCTS INC
$67.56-0.84%-0.82%-2.58%-17.80%-15.96%-28.20%-23.31%-22.79%25.20%$100.59$66.9032.84%0.99%0.6016,81231.89%
ISRG
INTUITIVE SURGICAL INC
$377.082.21%-0.39%-3.73%1.53%38.33%25.50%29.21%126.06%807.58%$403.76$254.856.61%47.96%1.231,836,90022.50%
ALC
ALCON INC
$80.760.19%1.44%-2.66%4.29%11.00%10.19%6.54%44.60%N/A$88.23$69.448.47%16.30%0.79940,67280.34%
LMAT
LEMAITRE VASCULAR INC
$64.232.33%0.17%-1.76%9.64%32.54%17.02%19.94%127.60%696.90%$74.64$44.2713.95%45.09%0.9669,725-35.27%
ATRC
ATRICURE INC
$23.172.03%0.30%-17.87%-31.85%-34.58%-44.02%-66.42%-16.74%34.87%$59.61$22.2761.13%4.04%1.07947,75038.53%
HOLX
HOLOGIC INC
$77.191.27%2.77%2.04%3.32%14.25%-9.85%5.22%74.40%276.90%$87.88$64.0212.16%20.57%0.791,603,1766.72%
WST
WEST PHARMACEUTICAL SERVICES INC
$390.203.96%2.82%0.47%10.97%5.30%4.90%20.55%238.72%811.68%$415.73$310.426.14%25.70%0.86427,061-16.26%
MMSI
MERIT MEDICAL SYSTEMS INC
$74.181.27%1.97%1.91%-8.42%14.60%-6.10%15.87%25.30%459.85%$85.62$62.5813.36%18.54%1.02381,14031.88%
TFX
TELEFLEX INC
$211.111.85%0.48%-3.89%-14.84%12.48%-21.61%-52.42%-24.64%106.75%$276.43$177.6323.63%18.85%0.95284,357-13.67%
RMD
RESMED INC
$184.222.15%-0.35%-4.70%5.29%25.64%-19.73%-11.98%81.52%294.05%$243.52$132.2424.35%39.31%0.941,200,3407.21%
HAE
HAEMONETICS CORP
$85.071.73%1.07%3.97%1.55%-4.09%0.32%26.12%-0.34%153.18%$95.26$70.7410.70%20.26%0.82231,275-42.48%
ATR
APTARGROUP INC
$140.15-0.12%1.13%-1.97%6.31%15.35%16.40%-7.46%27.34%108.56%$145.35$111.633.58%25.55%0.71417,04040.20%
ATRI
ATRION CORP
$405.291.37%-0.94%-7.26%21.34%20.26%-36.90%-38.05%-53.47%39.20%$643.48$274.9837.02%47.39%0.5939,70828.45%
BDX
BECTON DICKINSON & CO
$234.360.21%1.45%-3.02%-1.65%-8.43%-10.56%-8.40%2.77%106.12%$287.32$229.4018.43%2.16%0.55800,5044.47%
STVN
STEVANATO GROUP SPA
$27.222.56%-6.04%-13.37%-7.79%-14.43%1.83%N/AN/AN/A$36.30$23.0025.01%18.35%1.02233,114-15.86%
EKSO
EKSO BIONICS HOLDINGS INC
$1.16-9.38%-12.78%-20.00%-53.60%50.45%-26.58%-79.65%-96.74%-99.61%$3.13$0.6262.92%87.10%0.63130,038-1.77%
AKYA
AKOYA BIOSCIENCES INC
$3.81-2.31%-4.27%-22.56%-24.10%7.32%-46.56%-82.95%N/AN/A$8.80$3.0456.70%25.33%1.5085,61934.88%
COO
COOPER COMPANIES INC
$91.681.82%1.27%-9.11%-5.13%13.75%-4.87%-10.84%27.89%183.62%$104.07$75.9411.91%20.73%0.91874,961-4.03%
NYXH
NYXOAH SA
$10.48-1.13%12.69%-22.71%89.51%69.72%20.32%N/AN/AN/A$20.00$4.0047.60%162.00%0.3829,66255.10%
PDEX
PRO DEX INC
$18.751.13%1.79%9.36%-13.59%9.59%15.38%-30.25%17.41%828.22%$22.99$14.5118.44%29.22%0.604,7430.94%
NEPH
NEPHROS INC
$2.142.39%5.42%-1.83%-39.38%22.29%51.77%-72.56%N/AN/A$4.04$1.1347.07%89.38%0.701,240-95.20%
EMBC
EMBECTA CORP
$10.881.49%5.12%-13.17%-35.16%-29.85%-62.18%N/AN/AN/A$32.00$9.9366.00%9.62%0.88357,500-12.52%
BAX
BAXTER INTERNATIONAL INC
$41.021.53%3.66%-1.84%6.77%24.87%-9.65%-53.32%-46.27%-43.22%$50.21$31.0118.30%32.28%0.672,636,501-18.16%
BNGO
BIONANO GENOMICS INC
$0.794.34%-7.24%-22.91%-39.85%-46.35%-89.81%-98.71%-98.10%N/A$8.20$0.7190.32%11.20%1.31816,611-5.72%
WRBY
WARBY PARKER INC
$13.408.24%6.26%3.55%0.68%-3.25%21.93%N/AN/AN/A$16.49$9.8318.74%36.32%2.011,132,823-0.27%
SMTI
SANARA MEDTECH INC
$32.60-0.91%3.00%-10.07%-7.15%14.79%-26.49%16.43%552.00%196.36%$48.41$26.0632.66%25.10%0.6911,772-2.20%
HBIO
HARVARD BIOSCIENCE INC
$3.720.54%-11.00%-9.93%-19.31%-11.43%-24.08%-44.14%-7.00%-17.15%$6.29$3.6040.86%3.33%0.8792,0861.73%
OMIC
SINGULAR GENOMICS SYSTEMS INC
$0.413.50%6.15%-18.02%2.22%18.29%-59.41%N/AN/AN/A$1.21$0.3165.79%33.55%1.6677,80877.64%
RGEN
REPLIGEN CORP
$171.288.76%4.33%-7.36%-8.43%19.13%1.83%-21.55%199.18%981.31%$211.13$110.4518.87%55.07%1.08928,604215.37%
BLFS
BIOLIFE SOLUTIONS INC
$17.021.31%6.38%-9.47%-2.41%74.39%-12.04%-48.69%5.06%379.44%$24.50$8.9230.53%90.81%1.51526,411-6.00%
XRAY
DENTSPLY SIRONA INC
$30.861.61%0.23%-6.03%-13.05%-4.58%-25.53%-53.38%-37.98%-31.48%$43.24$26.2728.63%17.47%0.882,175,397-47.75%
FEMY
FEMASYS INC
$1.334.72%1.53%-17.39%67.30%13.68%53.05%N/AN/AN/A$4.75$0.2572.00%436.29%0.35280,79925.57%
INFU
INFUSYSTEM HOLDINGS INC
$8.013.49%1.14%-8.46%-18.27%-12.75%-9.18%-64.03%85.42%168.79%$11.44$7.7030.01%4.03%0.8612,517-73.35%
KRMD
KORU MEDICAL SYSTEMS INC
$2.140.47%-0.47%-2.73%1.90%-10.46%-47.80%-37.79%38.06%909.43%$4.48$1.9852.23%8.19%0.8384,14616.04%
LUCY
INNOVATIVE EYEWEAR INC
$0.269.91%1.19%-12.97%-38.11%-40.84%-91.90%N/AN/AN/A$3.17$0.2391.96%10.87%0.5994,2190.70%
POCI
PRECISION OPTICS CORPORATION INC
$5.540.73%1.47%-6.10%-9.18%-3.65%-13.44%17.62%67.88%100.72%$6.99$5.1220.74%8.20%0.344,581-3.94%
NXGL
NEXGEL INC
$2.200.92%1.85%-19.41%-4.35%46.67%42.86%N/AN/AN/A$3.14$1.4029.94%57.14%0.771,442-85.85%
AZTA
AZENTA INC
$52.543.20%0.69%-9.13%-21.05%7.14%22.41%-48.86%65.38%377.20%$69.16$36.0124.03%45.90%1.47479,06016.91%
MHUA
MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO LTD
$0.687.23%8.25%-12.45%-24.39%-63.33%-80.84%N/AN/AN/A$9.32$0.6092.68%13.48%0.66117,317514.48%
PLSE
PULSE BIOSCIENCES INC
$6.860.15%-11.83%-19.67%-30.57%73.23%19.30%-67.26%-58.20%N/A$13.62$3.7849.63%81.48%1.18123,84531.57%
MLSS
MILESTONE SCIENTIFIC INC
$0.563.15%-5.27%-19.74%-5.59%-38.79%-25.73%-77.72%35.85%-62.87%$1.35$0.5258.74%7.12%0.9443,424-67.02%
POAI
PREDICTIVE ONCOLOGY INC
$1.299.32%-7.19%-50.57%-60.67%-59.69%-60.06%-94.03%-99.13%-100.00%$7.12$1.1281.88%15.18%0.9066,262-63.97%
AVGR
AVINGER INC
$3.69-2.51%1.93%29.93%30.39%-14.19%-58.05%-98.95%-99.78%N/A$18.00$2.5079.50%47.60%0.773,255-72.88%
ICUI
ICU MEDICAL INC
$97.761.43%1.48%-0.38%2.08%-7.60%-46.67%-53.85%-56.57%72.33%$212.43$78.2853.98%24.89%0.72160,27820.02%
BLCO
BAUSCH & LOMB CORP
$14.851.43%5.54%-10.54%2.84%-9.17%-12.70%N/AN/AN/A$21.95$13.6232.35%9.03%1.01352,034-38.46%
STXS
STEREOTAXIS INC
$2.562.40%-3.03%4.49%19.63%70.67%45.45%-66.93%24.88%-35.03%$3.29$1.3322.19%92.48%0.91235,40433.22%
RVP
RETRACTABLE TECHNOLOGIES INC
$1.070.00%0.00%-11.50%-13.01%-11.57%-40.22%-89.68%50.28%-68.25%$1.85$0.9542.16%12.63%1.0916,264-18.81%
MBOT
MICROBOT MEDICAL INC
$0.88-0.79%-7.27%-24.79%-31.78%-30.43%-42.86%-88.47%-88.50%-99.96%$4.37$0.8679.86%2.33%0.9988,511-28.56%
ANGO
ANGIODYNAMICS INC
$6.03-3.67%-7.37%14.42%0.67%-9.05%-31.24%-75.95%-70.59%-56.90%$11.38$5.2647.01%14.64%0.98379,00912.72%
NVST
ENVISTA HOLDINGS CORP
$20.220.55%2.22%-3.53%-16.41%-18.34%-48.34%-54.12%N/AN/A$39.09$18.9648.27%6.67%1.031,326,954-16.58%
ZTEK
ZENTEK LTD
$1.120.90%-0.88%-13.85%-4.19%-8.20%-27.27%N/AN/AN/A$1.75$0.9835.96%14.87%0.7315,22657.15%
STSS
SHARPS TECHNOLOGY INC
$0.301.37%-5.45%1.03%-3.91%-37.23%-70.20%N/AN/AN/A$1.58$0.2781.33%9.26%0.7212,461-38.78%
ZJYL
JIN MEDICAL INTERNATIONAL LTD
$3.502.04%-19.35%22.81%-58.06%573.08%835.83%N/AN/AN/A$25.49$0.2486.27%1,346.28%1.75205,083-58.40%
GCTK
GLUCOTRACK INC
$0.76-15.65%44.76%127.54%233.33%278.11%16.92%-79.12%-74.58%-99.30%$1.00$0.1324.00%471.43%0.27251,220-35.19%

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 -20.77% over the past year, underperforming other medical stocks by -8 percentage points.

Orasure Technologies has an average 1 year price target of $6.83, an upside of 23.56% from Orasure Technologies's current stock price of $5.53.

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 -32.07% over the past year, underperforming other medical stocks by -19 percentage points.

Staar Surgical Co has an average 1 year price target of $44.33, a downside of -8% from Staar Surgical Co's current stock price of $48.19.

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 25.5% over the past year, overperforming other medical stocks by 39 percentage points.

Intuitive Surgical has an average 1 year price target of $407.80, an upside of 8.15% from Intuitive Surgical's current stock price of $377.08.

Intuitive Surgical stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Intuitive Surgical, 53.33% have issued a Strong Buy rating, 26.67% have issued a Buy, 20% 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 2.83%, which is 2 percentage points higher than the medical industry average of 1.3%. 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 2.16%, which is 1 percentage points higher than the medical industry average of 1.3%. 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 1.88%, which is 1 percentage points higher than the medical industry average of 1.3%. 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 up?

Medical stocks were up 2.09% in the last day, and up 0.98% over the last week. Repligen was the among the top gainers in the medical instruments & supplies industry, gaining 8.76% yesterday.

Repligen shares are trading higher as life sciences stocks gain following strong earnings from Danaher.

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 -20.77% in the past year. It has underperformed other stocks in the medical industry by -8 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 -28.2% in the past year. It has underperformed other stocks in the medical industry by -15 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 -21.61% in the past year. It has underperformed other stocks in the medical industry by -8 percentage points.

Are medical stocks a good buy now?

47.5% of medical stocks rated by analysts are a buy right now. On average, analysts expect medical stocks to rise by 18.85% 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 48.7x.
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.