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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
SER
SERINA THERAPEUTICS INC
NYSEMKT
Biotechnology
$22.26M$8.900.00%-$9.77M-0.65x1.21
BIOL
BIOLASE INC
NASDAQ
Medical Devices
$4.81M$0.15-1.99%-$15.44M-0.01x-134.19
ALIM
ALIMERA SCIENCES INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$192.66M$3.680.27%-$1.12M-4.38x2.33
MODD
MODULAR MEDICAL INC
NASDAQ
Medical Devices
$34.27M$1.57-3.40%-$16.28M-1.61x0.61
ARAY
ACCURAY INC
NASDAQ
Medical Devices
$211.23M$2.13-4.05%-$5.64M-14.20x9.00
COCH
ENVOY MEDICAL INC
NASDAQ
Medical Devices
$83.30M$4.25-13.44%-$29.78M-1.79x-5.34
AEON
AEON BIOPHARMA INC
NYSEMKT
Biotechnology
$145.49M$3.85-3.51%$24.09M5.92x-1.05
VERO
VENUS CONCEPT INC
NASDAQ
Medical Devices
$4.19M$0.661.38%-$26.31M-0.10x-7.34
ETAO
ETAO INTERNATIONAL CO LTD
NASDAQ
Health Information Services
$16.44M$3.111.97%-$893.57M-0.02x-3.78
IINN
INSPIRA TECHNOLOGIES OXY BHN LTD
NASDAQ
Medical Devices
$29.43M$1.880.53%-$11.70M-2.02x0.62
ERNA
ETERNA THERAPEUTICS INC
NASDAQ
Biotechnology
$9.58M$1.77-3.28%-$19.93M-0.43x21.00
CRBP
CORBUS PHARMACEUTICALS HOLDINGS INC
NASDAQ
Biotechnology
$388.66M$37.043.93%-$41.04M-3.59x-5.10
JAGX
JAGUAR HEALTH INC
NASDAQ
Biotechnology
$59.39M$0.223.37%-$32.53M-0.12x9.25
AXDX
ACCELERATE DIAGNOSTICS INC
NASDAQ
Medical Devices
$19.11M$0.88-4.44%-$49.77M-0.18x-2.58
ASLN
ASLAN PHARMACEUTICALS LTD
NASDAQ
Biotechnology
$8.09M$0.460.66%-$39.41M-0.17x-2.85
ARMP
ARMATA PHARMACEUTICALS INC
NYSEMKT
Biotechnology
$92.18M$2.55-1.92%-$65.45M-1.34x-4.07
BHC
BAUSCH HEALTH COMPANIES INC
NYSE
Drug Manufacturers - Specialty & Generic
$3.20B$8.76-1.35%$2.22B-5.41x-26.84
PSTV
PLUS THERAPEUTICS INC
NASDAQ
Biotechnology
$7.44M$1.744.82%-$12.18M-0.41x-9.45
NVAX
NOVAVAX INC
NASDAQ
Biotechnology
$606.00M$4.330.93%-$487.39M-0.80x-3.51
ATRA
ATARA BIOTHERAPEUTICS INC
NASDAQ
Biotechnology
$82.36M$0.69-3.36%-$254.20M-0.26x-2.67
MMA
ALTA GLOBAL GROUP LTD
NYSEMKT
Diagnostics & Research
N/A$3.190.95%-$16.12M-0.61x-0.55
ALUR
ALLURION TECHNOLOGIES INC
NYSE
Medical Devices
$96.18M$2.010.00%-$68.21M-0.87x-2.02
MRAI
MARPAI INC
NASDAQ
Healthcare Plans
$20.91M$2.03-1.93%-$22.12M-0.49x-3.36
ICCC
IMMUCELL CORP
NASDAQ
Biotechnology
$38.06M$4.91-3.73%-$3.05M-6.55x0.75
ELTX
ELICIO THERAPEUTICS INC
NASDAQ
Biotechnology
$94.17M$9.201.10%-$32.97M-1.32x1.39
RANI
RANI THERAPEUTICS HOLDINGS INC
NASDAQ
Biotechnology
$320.00M$6.38-4.78%-$27.02M-4.80x2.52
MAIA
MAIA BIOTECHNOLOGY INC
NYSEMKT
Biotechnology
$58.61M$2.93-8.72%-$19.77M-1.97x14.85
IBIO
IBIO INC
NYSEMKT
Biotechnology
$5.96M$1.713.01%-$25.95M-0.11x2.70
EPRX
EUPRAXIA PHARMACEUTICALS INC
NASDAQ
Biotechnology
N/A$2.741.48%-$27.60M-2.34x8.74
ELAN
ELANCO ANIMAL HEALTH INC
NYSE
Drug Manufacturers - Specialty & Generic
$6.49B$13.16-3.02%-$224.00M-5.26x1.31
YS
YS BIOPHARMA CO LTD
NASDAQ
Biotechnology
$65.51M$0.70-8.57%N/AN/A2.18
GRTX
GALERA THERAPEUTICS INC
NASDAQ
Biotechnology
$10.12M$0.191.64%-$47.41M-0.14x-1.20
ENGN
ENGENE HOLDINGS INC
NASDAQ
Biotechnology
$692.94M$15.901.27%N/AN/A0.50
OPGN
OPGEN INC
NASDAQ
Medical Devices
$4.04M$0.40-24.67%-$22.42M-0.06x5.78
HUMA
HUMACYTE INC
NASDAQ
Biotechnology
$466.81M$3.92-4.16%-$96.41M-3.66x8.47
HCWB
HCW BIOLOGICS INC
NASDAQ
Biotechnology
$52.95M$1.40-0.71%-$23.58M-2.00x1.12
CNTG
CENTOGENE NV
NASDAQ
Diagnostics & Research
$11.59M$0.42-8.70%-$44.39M-0.27x-5.72
ZVSA
ZYVERSA THERAPEUTICS INC
NASDAQ
Biotechnology
$4.02M$5.29-8.32%-$107.74M-0.00x1.00
ACXP
ACURX PHARMACEUTICALS INC
NASDAQ
Biotechnology
$34.67M$2.200.46%-$14.58M-1.91x0.65
EHAB
ENHABIT INC
NYSE
Medical Care Facilities
$506.07M$10.09-2.13%-$18.00M-6.27x1.10
KPRX
KIORA PHARMACEUTICALS INC
NASDAQ
Biotechnology
$13.21M$0.504.36%-$12.35M-0.19x1.24
MOVE
MOVANO INC
NASDAQ
Medical Devices
$43.71M$0.45-3.26%-$28.90M-0.71x1.73
DRMA
DERMATA THERAPEUTICS INC
NASDAQ
Biotechnology
$2.18M$0.33-4.39%-$7.79M-0.12x0.26
CTLT
CATALENT INC
NYSE
Drug Manufacturers - Specialty & Generic
$10.09B$55.85-0.80%-$754.00M-7.77x1.71
QLGN
QUALIGEN THERAPEUTICS INC
NASDAQ
Biotechnology
$1.89M$0.301.69%-$11.89M-0.11x-1.97
AKTX
AKARI THERAPEUTICS PLC
NASDAQ
Biotechnology
$24.40M$1.5420.31%-$10.00MN/A-20.02
UNCY
UNICYCIVE THERAPEUTICS INC
NASDAQ
Biotechnology
$38.93M$1.12-8.20%-$30.18M-0.88x-4.73
BCLI
BRAINSTORM CELL THERAPEUTICS INC
NASDAQ
Biotechnology
$25.83M$0.38-30.00%-$16.48M-0.95x-1.87
CHRO
CHROMOCELL THERAPEUTICS CORP
NYSEMKT
Biotechnology
$10.52M$1.7910.49%-$6.86M-0.31x-1.02
SKYE
SKYE BIOSCIENCE INC
NASDAQ
Biotechnology
N/A$12.93-0.54%-$36.61M-2.41x-6.60
CLRB
CELLECTAR BIOSCIENCES INC
NASDAQ
Biotechnology
$99.68M$3.09-0.32%-$37.79M-0.99x-9.91
AVAH
AVEANNA HEALTHCARE HOLDINGS INC
NASDAQ
Medical Care Facilities
$432.85M$2.250.00%$44.35M-3.17x-13.43
ALZN
ALZAMEND NEURO INC
NASDAQ
Biotechnology
$4.88M$0.710.14%-$12.35M-0.38x-1.07
OWLT
OWLET INC
NYSE
Medical Devices
$39.44M$4.402.56%-$27.49M-0.97x-1.97
NRSN
NEUROSENSE THERAPEUTICS LTD
NASDAQ
Biotechnology
$20.76M$1.354.65%-$8.97M-1.63x-2.70
CING
CINGULATE INC
NASDAQ
Biotechnology
$4.59M$0.924.92%-$22.18M-0.04x-1.51
TTOO
T2 BIOSYSTEMS INC
NASDAQ
Diagnostics & Research
$18.49M$3.3614.12%-$42.53M-0.17x-2.24
VCNX
VACCINEX INC
NASDAQ
Biotechnology
$7.32M$5.941.54%-$20.13M-0.14x-2.57
OTLK
OUTLOOK THERAPEUTICS INC
NASDAQ
Biotechnology
$116.07M$8.92-1.98%-$52.51M-2.23x-1.89
PTN
PALATIN TECHNOLOGIES INC
NYSEMKT
Biotechnology
$30.01M$1.863.91%-$31.25M-0.71x-2.15
ENSC
ENSYSCE BIOSCIENCES INC
NASDAQ
Biotechnology
$4.34M$0.59-0.17%-$10.26M-0.13x-10.41
PBH
PRESTIGE CONSUMER HEALTHCARE INC
NYSE
Drug Manufacturers - Specialty & Generic
$3.56B$71.760.03%$16.86M-44.85x1.09
ACHV
ACHIEVE LIFE SCIENCES INC
NASDAQ
Biotechnology
$150.37M$4.39-3.94%-$26.73M-2.93x-14.38
SLS
SELLAS LIFE SCIENCES GROUP INC
NASDAQ
Biotechnology
$69.77M$1.242.48%-$36.85M-0.93x-1.78
NRXP
NRX PHARMACEUTICALS INC
NASDAQ
Biotechnology
$24.69M$2.58-27.32%-$30.03M-0.65x-1.62
CNSP
CNS PHARMACEUTICALS INC
NASDAQ
Biotechnology
$2.24M$0.21-1.86%-$18.83M-0.04x-1.38
ALLR
ALLARITY THERAPEUTICS INC
NASDAQ
Biotechnology
$392.36k$1.27-7.97%-$11.28M-0.01x-5.31
IVA
INVENTIVA SA
NASDAQ
Biotechnology
$160.00M$3.07-5.25%-$109.06M-1.16x-3.17
ONMD
ONEMEDNET CORP
NASDAQ
Health Information Services
$13.83M$0.581.75%-$22.43M-0.59x-1.04
EUDA
EUDA HEALTH HOLDINGS LTD
NASDAQ
Health Information Services
$47.33M$1.917.30%N/AN/A-5.28
OKYO
OKYO PHARMA LTD
NASDAQ
Biotechnology
$38.33M$1.502.67%-$13.18M-2.46x-3.53
LIFW
MSP RECOVERY INC
NASDAQ
Health Information Services
$138.57M$0.992.06%$233.09M-0.16x6.39
AMIX
AUTONOMIX MEDICAL INC
NASDAQ
Medical Devices
$60.70M$3.23-2.71%N/AN/A-1.32
CDT
CONDUIT PHARMACEUTICALS INC
NASDAQ
Biotechnology
$222.23M$3.01-9.88%-$324.00k-301.00x-16.81
ANVS
ANNOVIS BIO INC
NYSE
Biotechnology
$61.33M$5.57-23.49%-$56.20M-0.89x-2.32
GALT
GALECTIN THERAPEUTICS INC
NASDAQ
Biotechnology
$217.28M$3.51-2.50%-$41.86M-4.74x-1.43
ATNF
180 LIFE SCIENCES CORP
NASDAQ
Biotechnology
$1.83M$2.159.69%-$22.13M-0.04x-42.18
VTVT
VTV THERAPEUTICS INC
NASDAQ
Biotechnology
$83.98M$27.90-0.99%-$20.15M-2.87x-1.20
RVPH
REVIVA PHARMACEUTICALS HOLDINGS INC
NASDAQ
Biotechnology
$85.43M$3.065.52%-$39.24M-1.85x3.14
BCTX
BRIACELL THERAPEUTICS CORP
NASDAQ
Biotechnology
$34.68M$2.170.46%-$17.21M-2.71x-2.55
HCTI
HEALTHCARE TRIANGLE INC
NASDAQ
Health Information Services
$5.61M$1.210.50%-$4.10M-0.41x17.68
BGXX
BRIGHT GREEN CORP
NASDAQ
Drug Manufacturers - Specialty & Generic
$47.73M$0.2526.13%-$12.49M-3.59x0.59
LSDI
LUCY SCIENTIFIC DISCOVERY INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.47M$0.837.35%-$9.75M-0.12x51.82
QTI
QT IMAGING HOLDINGS INC
NASDAQ
Medical Devices
$16.94M$0.79-2.35%-$5.08M-3.59x-2.26
RNXT
RENOVORX INC
NASDAQ
Biotechnology
$20.41M$1.210.00%-$10.12M-1.22x-1.49
SCNI
SCINAI IMMUNOTHERAPEUTICS LTD
NASDAQ
Biotechnology
$1.98M$0.462.48%N/A-0.09x-7.90
MDAI
SPECTRAL AI INC
NASDAQ
Medical Devices
$31.09M$1.78-4.30%-$20.12M-1.20x-7.26
KTRA
KINTARA THERAPEUTICS INC
NASDAQ
Biotechnology
$6.05M$0.16-4.91%-$10.58M-0.03x-12.49
ONCO
ONCONETIX INC
NASDAQ
Biotechnology
$2.61M$0.120.86%-$36.71M-0.05x-3.91
ICU
SEASTAR MEDICAL HOLDING CORP
NASDAQ
Biotechnology
$36.20M$0.48-6.61%-$25.15M-0.40x-1.25
INKT
MINK THERAPEUTICS INC
NASDAQ
Biotechnology
$34.35M$0.994.21%-$22.25M-1.52x-1.25
NLSP
NLS PHARMACEUTICS LTD
NASDAQ
Biotechnology
$4.99M$0.14-1.41%-$15.36M-0.28x-1.53
TVGN
TEVOGEN BIO HOLDINGS INC
NASDAQ
Biotechnology
$164.61M$1.000.00%-$58.89M-0.41x-1.06
OCEA
OCEAN BIOMEDICAL INC
NASDAQ
Biotechnology
$47.81M$1.40-10.83%-$97.33M-0.36x-1.01
NKGN
NKGEN BIOTECH INC
NASDAQ
Biotechnology
$34.44M$1.51-7.93%-$80.64M-0.28x-1.28
CLDI
CALIDI BIOTHERAPEUTICS INC
NYSEMKT
Biotechnology
$6.93M$0.20-6.25%-$26.88M-0.11x-2.22
PBM
PSYENCE BIOMEDICAL LTD
NASDAQ
Biotechnology
$12.04M$0.90-6.35%$1.52M-89.90x-1.79
NIVF
NEWGENIVF GROUP LTD
NASDAQ
Medical Care Facilities
$14.50M$1.75-14.22%-$690.85k-1.42x-1.01

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
682-0.78%-0.33%-9.66%-23.17%14.91x5.89x-69.67%+2.73%+21.49%+89.97%Strong Buy
66-1.73%-1.59%-6.72%-3.04%38.23x4.16x-21.83%+6.49%+11.14%+12.17%Buy
17+1.78%+2.25%-1.45%+13.16%153.31x6.20x+34.53%+7.95%+14.08%+12.91%Buy
90+0.37%+2.28%-1.87%-6.68%33.40x2.12x+10.85%+2.47%+4.76%+35.01%Strong Buy
12-0.61%-2.36%-5.46%-2.25%18.54x2.87x+19.95%+6.13%+14.14%+17.48%Buy
61-1.74%-1.86%-8.71%-25.75%75.15x3.25x+6.51%+2.28%+5.50%+39.64%Buy
51+0.58%-1.21%-5.78%+4.83%-1.46x4.40x-80.90%+6.51%+13.58%+17.24%Buy
154-1.63%-1.97%-6.08%-17.08%31.82x3.69x+10.58%+5.25%+7.74%+23.82%Buy
9-0.52%+0.10%-2.31%+35.12%26.03x148.08x+18.42%+3.51%+19.67%+6.33%Buy
56-0.42%-0.11%-3.64%-12.87%47.86x3.51x+11.69%+7.80%+10.33%+21.43%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. Semler Scientific (NASDAQ:SMLR)


Semler Scientific (NASDAQ:SMLR) is the top 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 lose -7.53% over the past year, overperforming other healthcare stocks by 4 percentage points.

2. Harmony Biosciences Holdings (NASDAQ:HRMY)


Harmony Biosciences Holdings (NASDAQ:HRMY) is the second best healthcare stock with a Zen Score of 66, which is 41 points higher than the healthcare sector average of 25. It passed 22 out of 33 due diligence checks and has strong fundamentals. Harmony Biosciences Holdings has seen its stock lose -5.65% over the past year, overperforming other healthcare stocks by 6 percentage points.

Harmony Biosciences Holdings has an average 1 year price target of $37.33, an upside of 20.78% from Harmony Biosciences Holdings's current stock price of $30.91.

Harmony Biosciences Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Harmony Biosciences Holdings, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a Hold, while 16.67% have issued a Sell rating, and 16.67% have issued a Strong Sell.

3. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the third best healthcare stock with a Zen Score of 65, which is 40 points higher than the healthcare sector average of 25. It passed 20 out of 33 due diligence checks and has strong fundamentals. Inmode has seen its stock lose -54.27% over the past year, underperforming other healthcare stocks by -43 percentage points.

Inmode has an average 1 year price target of $27.00, an upside of 57.07% from Inmode's current stock price of $17.19.

Inmode stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Inmode, 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.

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 57.38%, which is 55 percentage points higher than the healthcare sector average of 2.82%.

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 11.96%, which is 9 percentage points higher than the healthcare sector average of 2.82%.

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 8.09%, which is 5 percentage points higher than the healthcare sector average of 2.82%. 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 158.2% indicates that its high dividend yield might not be sustainable for the long-term.

Why are healthcare stocks down?

Healthcare stocks were down -0.72% in the last day, and down -0.72% over the last week. Nrx Pharmaceuticals was the among the top losers in the healthcare sector, dropping -27.32% yesterday.

NRx Pharmaceuticals shares are trading lower after the company announced findings from its Phase 2b/3 trial of NRX-101 vs. Lurasidone.

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 -54.27% in the past year. It has underperformed other stocks in the healthcare sector by -43 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 -43.67% in the past year. It has underperformed other stocks in the healthcare sector by -32 percentage points.

3. Royalty Pharma (NASDAQ:RPRX)


Royalty Pharma (NASDAQ:RPRX) is the third most undervalued healthcare stock based on WallStreetZen's Valuation Score. Royalty Pharma 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.

Royalty Pharma's stock has dropped -21.6% in the past year. It has underperformed other stocks in the healthcare sector by -10 percentage points.

Are healthcare stocks a good buy now?

47.87% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 39.32% 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 72.44x.
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.