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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
CYBN
CYBIN INC
NYSEMKT
Biotechnology
$143.93M$0.350.00%-$51.93M-1.69x0.07
NEXI
NEXIMMUNE INC
NASDAQ
Biotechnology
$4.55M$3.326.41%-$30.78M-0.11x1.45
TSVT
2SEVENTY BIO INC
NASDAQ
Biotechnology
$244.24M$4.76-3.45%-$207.29M-1.08x1.22
SNOA
SONOMA PHARMACEUTICALS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$2.43M$0.161.96%-$4.95M-0.17x1.18
OMI
OWENS & MINOR INC
NYSE
Medical Distribution
$1.39B$18.21-25.70%$393.86M-36.42x4.82
XLO
XILIO THERAPEUTICS INC
NASDAQ
Biotechnology
$40.68M$1.1812.38%-$74.50M-0.42x0.65
RHE
REGIONAL HEALTH PROPERTIES INC
NYSEMKT
Medical Care Facilities
$5.37M$2.922.38%$1.12M0.14x335.11
TEVA
TEVA PHARMACEUTICAL INDUSTRIES LTD
NYSE
Drug Manufacturers - Specialty & Generic
$15.67B$13.98-0.71%$1.64B-27.96x4.71
PTCT
PTC THERAPEUTICS INC
NASDAQ
Biotechnology
$2.53B$33.01-1.81%-$245.30M-4.30x-3.00
AKBA
AKEBIA THERAPEUTICS INC
NASDAQ
Biotechnology
$286.84M$1.375.38%-$4.05M-4.89x-8.90
VVOS
VIVOS THERAPEUTICS INC
NASDAQ
Medical Devices
$7.18M$2.630.00%-$12.96M-0.24x25.11
ARAY
ACCURAY INC
NASDAQ
Medical Devices
$160.65M$1.625.19%-$5.64M-10.80x9.00
KZIA
KAZIA THERAPEUTICS LTD
NASDAQ
Biotechnology
$7.17M$0.27-3.55%N/A-0.74x3.63
SMMT
SUMMIT THERAPEUTICS INC
NASDAQ
Biotechnology
$3.08B$4.398.13%-$114.32M-4,390.00x3.00
ANGO
ANGIODYNAMICS INC
NASDAQ
Medical Instruments & Supplies
$251.14M$6.273.13%-$169.01M-1.31x0.49
WORX
SCWORX CORP
NASDAQ
Health Information Services
$2.61M$2.160.23%-$1.66M-2.69x0.43
VERA
VERA THERAPEUTICS INC
NASDAQ
Biotechnology
$2.37B$43.44-0.14%-$94.07M-19.31x0.73
CCLD
CARECLOUD INC
NASDAQ
Health Information Services
$17.57M$1.09-1.80%-$30.80M-0.27x0.87
ADXN
ADDEX THERAPEUTICS LTD
NASDAQ
Biotechnology
$8.96M$8.951.13%-$11.01M-57.37x3.05
VAXX
VAXXINITY INC
NASDAQ
Biotechnology
$17.87M$0.1435.58%-$54.00M-0.31x2.31
AVTX
AVALO THERAPEUTICS INC
NASDAQ
Biotechnology
$14.85M$14.36-6.69%-$27.96M-0.13x1.87
MPLN
MULTIPLAN CORP
NYSE
Health Information Services
$421.42M$0.65-1.80%$651.93M-4.67x3.08
TAK
TAKEDA PHARMACEUTICAL CO LTD
NYSE
Drug Manufacturers - Specialty & Generic
$41.95B$13.370.75%$7.34B34.37x1.11
AGEN
AGENUS INC
NASDAQ
Biotechnology
$273.76M$13.074.39%-$134.25M-0.95x-2.88
ALRN
AILERON THERAPEUTICS INC
NASDAQ
Biotechnology
$63.82M$3.76-1.57%-$15.61M-1.10x1.12
MDGL
MADRIGAL PHARMACEUTICALS INC
NASDAQ
Biotechnology
$4.57B$229.846.38%-$360.39M-11.50x0.58
FGEN
FIBROGEN INC
NASDAQ
Biotechnology
$112.60M$1.140.88%-$258.77M-0.39x-2.87
TRIB
TRINITY BIOTECH PLC
NASDAQ
Diagnostics & Research
$13.81M$1.807.26%-$11.25M-0.56x-3.48
OMER
OMEROS CORP
NASDAQ
Biotechnology
$216.13M$3.730.27%-$86.05M-1.98x-16.14
NVOS
NOVO INTEGRATED SCIENCES INC
NASDAQ
Medical Care Facilities
$9.97M$0.52-12.83%-$8.68M-0.82x0.59
MODV
MODIVCARE INC
NASDAQ
Medical Care Facilities
$383.69M$27.0022.84%-$36.51M-1.72x11.99
CSBR
CHAMPIONS ONCOLOGY INC
NASDAQ
Biotechnology
$69.74M$5.135.36%-$7.67M-7.13x-14.02
DARE
DARE BIOSCIENCE INC
NASDAQ
Biotechnology
$31.28M$0.31-0.32%-$30.07M-0.89x-5.22
GUTS
FRACTYL HEALTH INC
NASDAQ
Biotechnology
$311.69M$6.510.00%-$76.81M-0.14x-0.35
EVAX
EVAXION BIOTECH A
NASDAQ
Biotechnology
$14.97M$3.951.54%-$21.23M-0.49x-3.73
CGC
CANOPY GROWTH CORP
NASDAQ
Drug Manufacturers - Specialty & Generic
$933.01M$10.24-0.97%-$907.84M-0.63x1.50
AMRX
AMNEAL PHARMACEUTICALS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$2.08B$6.768.86%$364.49M-14.08x174.54
INDV
INDIVIOR PLC
NASDAQ
Drug Manufacturers - Specialty & Generic
$2.45B$17.950.11%$75.00M448.75x144.30
NRXS
NEURAXIS INC
NYSEMKT
Medical Devices
$21.17M$3.21-2.73%-$14.08M-0.71x-1.36
EVO
EVOTEC SE
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.87B$5.27-1.86%N/AN/A0.98
PHGE
BIOMX INC
NYSEMKT
Biotechnology
$21.20M$0.38-5.88%-$22.87M-0.75x7.12
RNAZ
TRANSCODE THERAPEUTICS INC
NASDAQ
Biotechnology
$4.76M$0.8215.98%-$17.97M-0.01x2.15
CTCX
CARMELL CORP
NASDAQ
Biotechnology
$42.34M$2.207.32%-$14.47M-1.51x1.58
ANEB
ANEBULO PHARMACEUTICALS INC
NASDAQ
Biotechnology
$76.50M$2.95-5.45%-$10.46M-7.02x0.16
NUWE
NUWELLIS INC
NASDAQ
Medical Devices
$1.22M$0.18-12.62%-$16.36M-0.02x2.19
GRI
GRI BIO INC
NASDAQ
Biotechnology
$1.31M$0.41-4.43%-$10.95M-0.01x10.41
RGLS
REGULUS THERAPEUTICS INC
NASDAQ
Biotechnology
$173.48M$2.65-1.49%-$29.21M-1.68x0.45
WINT
WINDTREE THERAPEUTICS INC
NASDAQ
Biotechnology
$2.52M$4.9414.09%-$19.75M-0.05x8.56
CADL
CANDEL THERAPEUTICS INC
NASDAQ
Biotechnology
$264.71M$9.027.00%-$34.14M-6.89x2.23
ELUT
ELUTIA INC
NASDAQ
Medical Devices
$71.12M$2.934.64%-$28.08M-1.42x-2.13
BTCY
BIOTRICITY INC
NASDAQ
Medical Devices
$11.57M$1.25-3.99%-$9.92M-0.71x-1.16
TBRG
TRUBRIDGE INC
NASDAQ
Health Information Services
$123.75M$8.530.24%-$13.79M-2.71x1.33
BVS
BIOVENTUS INC
NASDAQ
Medical Devices
$314.29M$3.970.25%-$58.10M-1.59x3.40
ITRM
ITERUM THERAPEUTICS PLC
NASDAQ
Biotechnology
$25.46M$1.55-1.90%-$34.58M-0.52x-5.10
ARWR
ARROWHEAD PHARMACEUTICALS INC
NASDAQ
Biotechnology
$3.03B$24.441.28%-$262.45M-8.86x2.82
DHAI
DIH HOLDING US INC
NASDAQ
Medical Devices
$63.25M$1.56-3.70%$640.20k31.20x-1.00
IRIX
IRIDEX CORP
NASDAQ
Medical Devices
$45.51M$2.80-1.75%-$7.45M-4.75x2.62
FOXO
FOXO TECHNOLOGIES INC
NYSEMKT
Health Information Services
$2.46M$0.28-1.79%-$67.02M-0.02x-1.28
GCTK
GLUCOTRACK INC
NASDAQ
Medical Instruments & Supplies
$16.32M$0.6111.93%-$7.09M-1.61x0.53
CATX
PERSPECTIVE THERAPEUTICS INC
NYSEMKT
Medical Devices
$1.06B$1.814.62%-$48.01M-10.65x0.30
TELO
TELOMIR PHARMACEUTICALS INC
NASDAQ
Biotechnology
$183.58M$6.20-9.36%-$11.43M-12.92x0.39
PAVM
PAVMED INC
NASDAQ
Medical Devices
$18.99M$2.07-7.59%-$60.35M-0.23x-1.06
MYNZ
MAINZ BIOMED NV
NASDAQ
Diagnostics & Research
$15.60M$0.74-3.66%-$24.62M-0.45x3.74
TLSI
TRISALUS LIFE SCIENCES INC
NASDAQ
Medical Devices
$257.41M$9.623.00%-$58.31M-1.43x-1.99
GLPG
GALAPAGOS NV
NASDAQ
Biotechnology
$1.92B$29.09-1.22%N/AN/A0.51
ZTEK
ZENTEK LTD
NASDAQ
Medical Instruments & Supplies
$104.89M$1.040.97%-$8.44M-12.84x0.11
PMN
PROMIS NEUROSCIENCES INC
NASDAQ
Biotechnology
$37.16M$1.96-1.26%-$12.99M-1.83x2.63
STRM
STREAMLINE HEALTH SOLUTIONS INC
NASDAQ
Health Information Services
$19.02M$0.290.69%-$13.34M-0.88x1.22
BPTH
BIO-PATH HOLDINGS INC
NASDAQ
Biotechnology
$1.77M$2.61-1.88%-$15.90M-0.08x6.30
NCNA
NUCANA PLC
NASDAQ
Biotechnology
$8.46M$4.000.88%-$40.33M-0.24x0.87
BIVI
BIOVIE INC
NASDAQ
Biotechnology
$19.54M$0.49-2.00%-$39.04M-0.42x1.87
MYMD
MYMD PHARMACEUTICALS INC
NASDAQ
Biotechnology
$7.18M$3.332.46%-$4.00M-0.62x0.41
SSKN
STRATA SKIN SCIENCES INC
NASDAQ
Medical Devices
$14.62M$0.424.25%-$3.38M-1.35x2.31
BJDX
BLUEJAY DIAGNOSTICS INC
NASDAQ
Medical Devices
$1.47M$0.553.21%-$9.17M-0.06x0.68
NVST
ENVISTA HOLDINGS CORP
NYSE
Medical Instruments & Supplies
$3.27B$19.00-4.09%$143.40M-26.39x0.58
CERO
CERO THERAPEUTICS HOLDINGS INC
NASDAQ
Biotechnology
$20.32M$1.380.00%-$2.44M-3.54x-1.01
MBIO
MUSTANG BIO INC
NASDAQ
Biotechnology
$3.30M$0.328.53%-$45.27M-0.05x143.24
SHPH
SHUTTLE PHARMACEUTICALS HOLDINGS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$7.22M$0.43-2.27%-$4.09M-0.98x0.47
PRME
PRIME MEDICINE INC
NASDAQ
Biotechnology
$670.46M$5.59-0.36%-$180.97M-2.56x0.46
FWBI
FIRST WAVE BIOPHARMA INC
NASDAQ
Biotechnology
$5.27M$2.60-6.81%-$15.74M-0.05x0.91
SANA
SANA BIOTECHNOLOGY INC
NASDAQ
Biotechnology
$2.30B$10.446.75%-$245.43M-7.15x0.97
RENB
RENOVARO INC
NASDAQ
Biotechnology
$215.50M$1.500.67%-$40.26M-2.14x0.33
ALVO
ALVOTECH
NASDAQ
Drug Manufacturers - Specialty & Generic
$3.84B$14.40-0.76%-$359.68M-5.93x-2.02
CCM
CONCORD MEDICAL SERVICES HOLDINGS LTD
NYSE
Medical Care Facilities
$27.33M$0.63-10.00%-$1.53M-0.67x-2.03
VINC
VINCERX PHARMA INC
NASDAQ
Biotechnology
$18.78M$0.88-5.70%-$39.24M-0.46x0.62
NERV
MINERVA NEUROSCIENCES INC
NASDAQ
Biotechnology
$16.57M$2.370.85%-$31.57M-0.53x-2.38
MLEC
MOOLEC SCIENCE SA
NASDAQ
Biotechnology
$52.96M$1.414.44%-$6.25M-10.85x2.19
AEON
AEON BIOPHARMA INC
NYSEMKT
Biotechnology
$64.24M$1.70-49.40%$24.09M2.62x-1.05
VERO
VENUS CONCEPT INC
NASDAQ
Medical Devices
$4.34M$0.68-1.73%-$26.31M-0.10x-7.34
ETAO
ETAO INTERNATIONAL CO LTD
NASDAQ
Health Information Services
$16.44M$3.113.67%-$893.57M-0.02x-3.78
CUTR
CUTERA INC
NASDAQ
Medical Devices
$50.50M$2.53-1.56%-$94.79M-0.44x-4.50
EFTR
EFFECTOR THERAPEUTICS INC
NASDAQ
Biotechnology
$8.11M$2.201.85%-$32.78M-0.13x-4.55
ABVC
ABVC BIOPHARMA INC
NASDAQ
Biotechnology
$11.41M$1.08-6.09%-$7.74M-0.44x0.76
CCEL
CRYO CELL INTERNATIONAL INC
NYSEMKT
Medical Care Facilities
$72.37M$8.934.20%-$11.34M-7.70x-6.97
BIOL
BIOLASE INC
NASDAQ
Medical Devices
$4.72M$0.15-2.03%-$15.44M-0.00x-134.19
ERNA
ETERNA THERAPEUTICS INC
NASDAQ
Biotechnology
$10.04M$1.868.48%-$19.93M-0.45x21.00
IINN
INSPIRA TECHNOLOGIES OXY BHN LTD
NASDAQ
Medical Devices
$32.71M$2.095.56%-$11.70M-2.25x0.62
COCH
ENVOY MEDICAL INC
NASDAQ
Medical Devices
$85.26M$4.35-10.31%-$29.78M-1.83x-5.34
MD
PEDIATRIX MEDICAL GROUP INC
NYSE
Medical Care Facilities
$784.87M$9.332.30%$29.89M-12.78x1.61
ALIM
ALIMERA SCIENCES INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$191.09M$3.654.89%-$1.12M-4.35x2.33

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.