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Best Healthcare Stocks to Buy Now (2024)
Top healthcare stocks in 2024 ranked by overall Zen Score. See the best healthcare stocks to buy now, according to analyst forecasts for the healthcare sector.

Sector: Healthcare
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ESTA
ESTABLISHMENT LABS HOLDINGS INC
NASDAQ
Medical Devices
$1.44B$52.836.73%-$58.31M-17.21x13.60
CKPT
CHECKPOINT THERAPEUTICS INC
NASDAQ
Biotechnology
$56.38M$1.586.76%-$51.85M-0.50x-1.41
CERE
CEREVEL THERAPEUTICS HOLDINGS INC
NASDAQ
Biotechnology
$7.73B$42.55-0.09%-$416.15M-15.94x0.85
BBIO
BRIDGEBIO PHARMA INC
NASDAQ
Biotechnology
$5.21B$27.830.32%-$443.10M-8.64x-1.80
ALNY
ALNYLAM PHARMACEUTICALS INC
NASDAQ
Biotechnology
$19.27B$152.331.34%-$100.79M-57.70x-18.44
AIM
AIM IMMUNOTECH INC
NYSEMKT
Biotechnology
$20.21M$0.410.25%-$28.44M-0.68x0.89
ADVM
ADVERUM BIOTECHNOLOGIES INC
NASDAQ
Biotechnology
$216.47M$10.434.30%-$99.57M-0.90x1.07
OFIX
ORTHOFIX MEDICAL INC
NASDAQ
Medical Devices
$508.73M$13.602.72%-$86.99M-3.30x0.55
TPST
TEMPEST THERAPEUTICS INC
NASDAQ
Biotechnology
$81.89M$3.694.24%-$25.96M-1.93x0.93
ISPC
ISPECIMEN INC
NASDAQ
Diagnostics & Research
$2.39M$0.26-1.50%-$9.02M-0.21x0.62
AUNA
AUNA SA
NYSE
Medical Care Facilities
N/A$6.49-3.99%$231.92M-4.14x4.04
PHG
KONINKLIJKE PHILIPS NV
NYSE
Medical Devices
$24.31B$26.820.98%$1.18B-48.94x1.44
AGTI
AGILITI INC
NYSE
Health Information Services
$1.37B$10.100.40%$233.89M-72.14x1.55
MYGN
MYRIAD GENETICS INC
NASDAQ
Diagnostics & Research
$1.75B$19.471.30%-$186.10M-6.12x0.46
QDEL
QUIDELORTHO CORP
NASDAQ
Medical Devices
$2.84B$42.500.66%$575.70M-283.33x0.71
IRWD
IRONWOOD PHARMACEUTICALS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.27B$8.12-2.17%-$895.55M-1.26x-2.36
CGEN
COMPUGEN LTD
NASDAQ
Biotechnology
$186.56M$2.11-2.31%N/A-10.05x0.85
CYTH
CYCLO THERAPEUTICS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$43.36M$1.512.72%-$20.04M-1.23x1.79
SINT
SINTX TECHNOLOGIES INC
NASDAQ
Medical Devices
$1.07M$0.050.00%-$6.60M-0.02x0.75
GENE
GENETIC TECHNOLOGIES LTD
NASDAQ
Diagnostics & Research
$520.53k$2.261.44%N/A-0.76x0.76
SNDA
SONIDA SENIOR LIVING INC
NYSE
Medical Care Facilities
$441.02M$33.40-0.60%$55.15M-8.68x-5.98
ICCT
ICORECONNECT INC
NASDAQ
Health Information Services
$11.57M$1.140.88%-$13.17M-0.53x2.53
CTSO
CYTOSORBENTS CORP
NASDAQ
Medical Devices
$47.78M$0.887.45%-$27.14M-1.38x1.29
FLGC
FLORA GROWTH CORP
NASDAQ
Drug Manufacturers - Specialty & Generic
$15.18M$1.693.05%-$55.40M-0.22x2.69
PETQ
PETIQ INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$501.51M$17.041.19%$81.00M243.43x2.92
CELU
CELULARITY INC
NASDAQ
Biotechnology
$63.75M$3.295.45%-$169.66M-0.33x4.20
CHRS
COHERUS BIOSCIENCES INC
NASDAQ
Biotechnology
$255.86M$2.274.61%-$191.46M-0.90x-4.26
TRVN
TREVENA INC
NASDAQ
Biotechnology
$7.57M$0.410.98%-$35.99M-0.13x-6.30
BIAF
BIOAFFINITY TECHNOLOGIES INC
NASDAQ
Diagnostics & Research
$24.07M$2.09-8.73%-$7.63M-2.30x0.69
CYTK
CYTOKINETICS INC
NASDAQ
Biotechnology
$6.72B$65.271.45%-$486.05M-11.98x-3.13
MCRB
SERES THERAPEUTICS INC
NASDAQ
Biotechnology
$175.17M$1.164.50%-$85.43M-1.30x-8.99
GYRE
GYRE THERAPEUTICS INC
NASDAQ
Biotechnology
$1.29B$15.147.38%-$82.99M-10.74x-2.41
TNON
TENON MEDICAL INC
NASDAQ
Medical Devices
$3.17M$0.854.94%-$15.13M-0.10x7.16
INDP
INDAPTUS THERAPEUTICS INC
NASDAQ
Biotechnology
$17.25M$2.020.75%-$15.42M-1.10x0.24
BOLD
BOUNDLESS BIO INC
NASDAQ
Biotechnology
N/A$9.353.31%-$46.12M-0.23x-0.07
OGEN
ORAGENICS INC
NYSEMKT
Biotechnology
$4.79M$1.071.90%-$20.60M-0.12x0.57
NXL
NEXALIN TECHNOLOGY INC
NASDAQ
Medical Devices
$10.67M$1.44-13.03%-$4.60M-2.28x0.13
ANRO
ALTO NEUROSCIENCE INC
NYSE
Biotechnology
$382.29M$14.22-1.25%-$34.28M-1.46x-0.24
VERU
VERU INC
NASDAQ
Biotechnology
$238.60M$1.63-0.61%-$62.11M-2.17x0.56
AORT
ARTIVION INC
NYSE
Medical Devices
$862.84M$20.931.85%$34.14M-27.91x1.81
PRTG
PORTAGE BIOTECH INC
NASDAQ
Biotechnology
$5.36M$0.274.23%-$170.35M-0.03x0.55
AHG
AKSO HEALTH GROUP
NASDAQ
Medical Distribution
$17.82M$0.78-2.86%N/A-3.25x2.21
MBOT
MICROBOT MEDICAL INC
NASDAQ
Medical Instruments & Supplies
$14.11M$0.98-1.90%-$10.63M-0.93x0.85
AVBP
ARRIVENT BIOPHARMA INC
NASDAQ
Biotechnology
$526.68M$17.232.56%-$69.33M-0.53x-0.08
AVGR
AVINGER INC
NASDAQ
Medical Instruments & Supplies
$6.64M$3.901.56%-$16.31M-0.17x-3.22
PHIO
PHIO PHARMACEUTICALS CORP
NASDAQ
Biotechnology
$3.77M$0.825.67%-$10.64M-0.16x0.21
IXHL
INCANNEX HEALTHCARE INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$37.94M$2.39-6.27%N/A-2.23x0.19
ESPR
ESPERION THERAPEUTICS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$384.91M$2.080.97%-$150.11M-1.02x-1.45
COEP
COEPTIS THERAPEUTICS HOLDINGS INC
NASDAQ
Biotechnology
$12.99M$0.36-2.70%-$20.16M-0.43x0.87
LUCD
LUCID DIAGNOSTICS INC
NASDAQ
Medical Devices
$44.87M$0.93-2.11%-$49.75M-0.74x-12.80
KOD
KODIAK SCIENCES INC
NASDAQ
Biotechnology
$197.96M$3.771.89%-$234.53M-0.76x0.80
BCDA
BIOCARDIA INC
NASDAQ
Biotechnology
$10.16M$0.381.33%-$11.16M-0.69x-2.86
CNTX
CONTEXT THERAPEUTICS INC
NASDAQ
Biotechnology
$29.54M$1.855.71%-$23.90M-1.23x0.35
ANL
ADLAI NORTYE LTD
NASDAQ
Biotechnology
$507.98M$13.785.84%-$101.22M-1.90x0.64
ASMB
ASSEMBLY BIOSCIENCES INC
NASDAQ
Biotechnology
$72.10M$13.152.65%-$60.75M-0.98x2.33
XRTX
XORTX THERAPEUTICS INC
NASDAQ
Biotechnology
$5.35M$2.683.00%-$5.58M-0.87x0.09
ILMN
ILLUMINA INC
NASDAQ
Diagnostics & Research
$18.79B$117.93-4.89%-$640.00M-14.47x0.75
NEXI
NEXIMMUNE INC
NASDAQ
Biotechnology
$4.55M$3.326.41%-$30.78M-0.11x1.45
CARA
CARA THERAPEUTICS INC
NASDAQ
Biotechnology
$42.52M$0.780.78%-$115.58M-0.36x1.21
INAB
IN8BIO INC
NASDAQ
Biotechnology
$43.29M$1.00-1.96%-$27.51M-1.00x0.35
CYBN
CYBIN INC
NYSEMKT
Biotechnology
$143.93M$0.350.00%-$51.93M-1.69x0.07
RARE
ULTRAGENYX PHARMACEUTICAL INC
NASDAQ
Biotechnology
$3.55B$42.75-1.04%-$585.60M-5.38x8.32
BIOR
BIORA THERAPEUTICS INC
NASDAQ
Biotechnology
$22.16M$0.732.52%-$113.84M-0.09x-1.31
ESLA
ESTRELLA IMMUNOPHARMA INC
NASDAQ
Biotechnology
$36.61M$1.00-4.94%-$8.36M-0.34x0.04
ACON
ACLARION INC
NASDAQ
Health Information Services
$2.09M$0.293.18%-$4.14M-0.03x-4.38
LCTX
LINEAGE CELL THERAPEUTICS INC
NYSEMKT
Biotechnology
$199.85M$1.060.95%-$22.60M-8.83x0.62
VANI
VIVANI MEDICAL INC
NASDAQ
Biotechnology
$97.86M$1.783.49%-$24.39M-3.56x1.21
CALC
CALCIMEDICA INC
NASDAQ
Biotechnology
$61.65M$5.74-4.33%-$34.30M-0.75x0.49
VSTM
VERASTEM INC
NASDAQ
Biotechnology
$275.72M$10.905.21%-$83.34M-2.75x1.24
BSGM
BIOSIG TECHNOLOGIES INC
NASDAQ
Medical Devices
$19.15M$1.71-3.93%-$28.39M-0.43x-1.55
NBY
NOVABAY PHARMACEUTICALS INC
NYSEMKT
Biotechnology
$2.86M$0.105.56%-$9.44M-0.02x1.73
RVP
RETRACTABLE TECHNOLOGIES INC
NYSEMKT
Medical Instruments & Supplies
$32.63M$1.090.37%-$1.24M-4.54x0.81
NVCT
NUVECTIS PHARMA INC
NASDAQ
Biotechnology
$144.64M$8.1420.41%-$22.26M-5.69x0.57
RSLS
RESHAPE LIFESCIENCES INC
NASDAQ
Medical Devices
$3.96M$0.17-3.43%-$11.21M-0.09x0.60
QNRX
QUOIN PHARMACEUTICALS LTD
NASDAQ
Biotechnology
$2.86M$0.786.30%-$8.58MN/A1.15
DYNT
DYNATRONICS CORP
NASDAQ
Medical Devices
$2.20M$0.45-7.96%-$3.40M-0.32x0.89
FBLG
FIBROBIOLOGICS INC
NASDAQ
Biotechnology
$261.73M$8.0219.35%-$15.90M-11.79x8.43
SCPX
SCORPIUS HOLDINGS INC
NYSEMKT
Biotechnology
$6.70M$0.193.33%-$36.93M-0.11x0.72
NBSE
NEUBASE THERAPEUTICS INC
NASDAQ
Biotechnology
$1.51M$0.41-1.70%-$12.55M-0.05x1.04
CPIX
CUMBERLAND PHARMACEUTICALS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$22.40M$1.584.64%$204.76k-3.59x1.77
NAMS
NEWAMSTERDAM PHARMA CO NV
NASDAQ
Biotechnology
$1.95B$21.82-3.32%-$192.24M-9.34x0.20
MNPR
MONOPAR THERAPEUTICS
NASDAQ
Biotechnology
$12.69M$0.7310.15%-$8.40M-1.19x0.32
APLM
APOLLOMICS INC
NASDAQ
Biotechnology
$35.53M$0.40-3.17%-$171.77M-0.17x0.34
CPHI
CHINA PHARMA HOLDINGS INC
NYSEMKT
Drug Manufacturers - Specialty & Generic
$4.71M$0.324.95%$8.44k-0.35x1.21
LIXT
LIXTE BIOTECHNOLOGY HOLDINGS INC
NASDAQ
Biotechnology
$6.50M$2.890.28%-$5.07M-1.09x0.08
SAVA
CASSAVA SCIENCES INC
NASDAQ
Biotechnology
$953.12M$22.05-0.05%-$95.69M-9.50x0.10
LFCR
LIFECORE BIOMEDICAL INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$195.19M$6.390.63%-$68.32M-1.92x-51.65
STXS
STEREOTAXIS INC
NYSEMKT
Medical Instruments & Supplies
$192.18M$2.340.86%-$20.09M-8.67x1.22
KYTX
KYVERNA THERAPEUTICS INC
NASDAQ
Biotechnology
$657.51M$15.251.46%-$56.75M-0.17x-0.20
RGC
REGENCELL BIOSCIENCE HOLDINGS LTD
NASDAQ
Drug Manufacturers - Specialty & Generic
$69.36M$5.33-17.87%-$5.10M-11.84x0.05
STSS
SHARPS TECHNOLOGY INC
NASDAQ
Medical Instruments & Supplies
$3.60M$0.23-0.86%-$9.13M-0.30x0.49
KALV
KALVISTA PHARMACEUTICALS INC
NASDAQ
Biotechnology
$511.74M$12.13-0.33%-$107.49M-3.88x0.29
PMD
PSYCHEMEDICS CORP
NASDAQ
Diagnostics & Research
$14.64M$2.55-3.26%-$768.00k-3.54x0.85
MNMD
MIND MEDICINE (MINDMED) INC
NASDAQ
Biotechnology
$413.34M$10.005.04%-$92.57M-4.10x0.59
KALA
KALA BIO INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$19.73M$7.013.73%-$35.91M-0.40x6.46
XTLB
XTL BIOPHARMACEUTICALS LTD
NASDAQ
Biotechnology
$13.79M$2.530.20%-$1.78M-8.43x0.09
TIL
INSTIL BIO INC
NASDAQ
Biotechnology
$73.49M$11.300.71%-$145.48M-0.47x0.44
IMNN
IMUNON INC
NASDAQ
Biotechnology
$12.50M$1.331.53%-$19.88M-0.62x0.64
BEAT
HEARTBEAM INC
NASDAQ
Health Information Services
$58.19M$2.210.45%-$14.64M-3.07x0.08
AIMD
AINOS INC
NASDAQ
Medical Devices
$6.01M$1.01-2.88%-$8.75M-0.30x0.30

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
681+1.07%+6.00%-2.53%-18.30%6.05x6.01x+14.40%+2.29%-33.91%+80.46%Strong Buy
66+0.85%+0.70%-4.26%-0.73%38.44x4.21x-23.57%+6.35%+11.16%+10.51%Buy
17+0.84%+2.91%-0.54%+12.68%148.07x6.24x+33.79%+8.12%+14.24%+13.81%Buy
90-0.21%+4.09%+0.45%-3.63%33.76x2.15x+11.91%+3.10%+5.65%+32.15%Strong Buy
12+0.01%-1.01%-0.15%-0.05%19.70x2.90x+19.64%+6.04%+14.10%+17.24%Buy
61+0.46%+1.33%-3.77%-22.81%75.59x3.24x+6.63%+2.09%+5.13%+34.77%Buy
51+0.10%+2.08%-4.18%+7.39%-7.32x4.34x-93.77%+6.64%+13.89%+17.87%Buy
154+0.93%+3.67%-0.50%-12.74%27.79x3.71x+10.38%+5.26%+7.71%+19.09%Buy
9-1.40%-4.69%-6.08%+30.95%26.17x109.10x-8.59%+3.48%+18.93%+10.93%Buy
56+0.43%+1.57%-1.02%-12.24%56.77x3.54x+11.45%+7.81%+10.28%+19.60%Buy

Healthcare Stocks FAQ

What are the best healthcare stocks to buy right now in May 2024?

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

1. Cross Country Healthcare (NASDAQ:CCRN)


Cross Country Healthcare (NASDAQ:CCRN) is the top healthcare stock with a Zen Score of 70, which is 45 points higher than the healthcare sector average of 25. It passed 22 out of 33 due diligence checks and has strong fundamentals. Cross Country Healthcare has seen its stock lose -22.25% over the past year, underperforming other healthcare stocks by -14 percentage points.

Cross Country Healthcare has an average 1 year price target of $20.25, an upside of 21.48% from Cross Country Healthcare's current stock price of $16.67.

Cross Country Healthcare stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Cross Country Healthcare, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Semler Scientific (NASDAQ:SMLR)


Semler Scientific (NASDAQ:SMLR) is the second best healthcare stock with a Zen Score of 68, which is 43 points higher than the healthcare sector average of 25. It passed 21 out of 33 due diligence checks and has strong fundamentals. Semler Scientific has seen its stock return 1.39% over the past year, overperforming other healthcare stocks by 10 percentage points.

3. Progyny (NASDAQ:PGNY)


Progyny (NASDAQ:PGNY) is the third best healthcare stock with a Zen Score of 67, which is 42 points higher than the healthcare sector average of 25. It passed 22 out of 33 due diligence checks and has strong fundamentals. Progyny has seen its stock lose -6.98% over the past year, overperforming other healthcare stocks by 1 percentage points.

Progyny has an average 1 year price target of $47.00, an upside of 48.17% from Progyny's current stock price of $31.72.

Progyny stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Progyny, 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.

What are the healthcare stocks with highest dividends?

Out of 72 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Mei Pharma (NASDAQ:MEIP)


Mei Pharma (NASDAQ:MEIP) has an annual dividend yield of 57.19%, which is 54 percentage points higher than the healthcare sector average of 2.79%.

Mei Pharma's dividend payout ratio of 58.9% indicates that its high dividend yield is sustainable for the long-term.

2. Siga Technologies (NASDAQ:SIGA)


Siga Technologies (NASDAQ:SIGA) has an annual dividend yield of 10.34%, which is 8 percentage points higher than the healthcare sector average of 2.79%.

Siga Technologies's dividend payout ratio of 47.4% indicates that its high dividend yield is sustainable for the long-term.

3. Spok Holdings (NASDAQ:SPOK)


Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 8.69%, which is 6 percentage points higher than the healthcare sector average of 2.79%. Spok Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Spok Holdings's dividend has shown consistent growth over the last 10 years.

Spok Holdings's dividend payout ratio of 148.8% indicates that its high dividend yield might not be sustainable for the long-term.

Why are healthcare stocks up?

Healthcare stocks were up 0.65% in the last day, and up 2.85% over the last week. Twist Bioscience was the among the top gainers in the healthcare sector, gaining 28.74% yesterday.

Twist Bioscience shares are trading higher after the company reported better-than-expected Q2 financial results.

What are the most undervalued healthcare stocks?

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

1. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the most undervalued healthcare stock based on WallStreetZen's Valuation Score. Inmode has a valuation score of 100, which is 84 points higher than the healthcare sector average of 16. It passed 7 out of 7 valuation due diligence checks.

Inmode's stock has dropped -47.67% in the past year. It has underperformed other stocks in the healthcare sector by -39 percentage points.

2. Pacira Biosciences (NASDAQ:PCRX)


Pacira Biosciences (NASDAQ:PCRX) is the second most undervalued healthcare stock based on WallStreetZen's Valuation Score. Pacira Biosciences has a valuation score of 100, which is 84 points higher than the healthcare sector average of 16. It passed 7 out of 7 valuation due diligence checks.

Pacira Biosciences's stock has dropped -36.9% in the past year. It has underperformed other stocks in the healthcare sector by -28 percentage points.

3. Semler Scientific (NASDAQ:SMLR)


Semler Scientific (NASDAQ:SMLR) is the third most undervalued healthcare stock based on WallStreetZen's Valuation Score. Semler Scientific has a valuation score of 100, which is 84 points higher than the healthcare sector average of 16. It passed 7 out of 7 valuation due diligence checks.

Semler Scientific's stock has gained 1.39% in the past year. It has overperformed other stocks in the healthcare sector by 10 percentage points.

Are healthcare stocks a good buy now?

48.04% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 35.99% over the next year.

What is the average p/e ratio of the healthcare sector?

The average P/E ratio of the healthcare sector is 68.89x.
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.