Sectors & IndustriesHealthcare
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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)
KA	KINETA INC	$6.47M	N/A	0.00%	$10.0100	N/A	N/A	0
CYH	COMMUNITY HEALTH SYSTEMS INC	$475.27M	N/A	0.00%	N/A	N/A	N/A	N/A
APTO	APTOSE BIOSCIENCES INC	$18.86M	N/A	0.00%	N/A	N/A	N/A	N/A
BACK	IMAC HOLDINGS INC	$4.25M	N/A	0.00%	N/A	N/A	N/A	N/A
VTAK	CATHETER PRECISION INC	$4.24M	N/A	0.00%	N/A	N/A	N/A	N/A
MODD	MODULAR MEDICAL INC	$35.26M	N/A	0.00%	N/A	N/A	N/A	N/A
CRBP	CORBUS PHARMACEUTICALS HOLDINGS INC	$406.82M	N/A	0.00%	N/A	N/A	N/A	N/A
SER	SERINA THERAPEUTICS INC	$20.76M	N/A	0.00%	N/A	N/A	N/A	N/A
AXDX	ACCELERATE DIAGNOSTICS INC	$20.04M	N/A	0.00%	N/A	N/A	N/A	N/A
PSTV	PLUS THERAPEUTICS INC	$7.70M	N/A	0.00%	N/A	N/A	N/A	N/A
ARMP	ARMATA PHARMACEUTICALS INC	$90.01M	N/A	0.00%	N/A	N/A	N/A	N/A
ASLN	ASLAN PHARMACEUTICALS LTD	$7.87M	N/A	0.00%	N/A	N/A	N/A	N/A
BHC	BAUSCH HEALTH COMPANIES INC	$2.87B	N/A	0.00%	N/A	N/A	N/A	N/A
JAGX	JAGUAR HEALTH INC	$87.84M	N/A	0.00%	N/A	N/A	N/A	N/A
NVAX	NOVAVAX INC	$689.97M	N/A	0.00%	N/A	N/A	N/A	N/A
MMA	ALTA GLOBAL GROUP LTD	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
MRAI	MARPAI INC	$24.10M	N/A	0.00%	N/A	N/A	N/A	N/A
ATRA	ATARA BIOTHERAPEUTICS INC	$79.97M	N/A	0.00%	N/A	N/A	N/A	N/A
ALUR	ALLURION TECHNOLOGIES INC	$110.06M	N/A	0.00%	N/A	N/A	N/A	N/A
AKAN	AKANDA CORP	$795.86k	N/A	0.00%	N/A	N/A	N/A	N/A
ENGN	ENGENE HOLDINGS INC	$675.95M	N/A	N/A	N/A	N/A	N/A	N/A
HUMA	HUMACYTE INC	$525.16M	N/A	0.00%	N/A	N/A	N/A	N/A
CVM	CEL SCI CORP	$81.67M	N/A	0.00%	N/A	N/A	N/A	N/A
HCWB	HCW BIOLOGICS INC	$50.31M	N/A	0.00%	N/A	N/A	N/A	N/A
ZVSA	ZYVERSA THERAPEUTICS INC	$4.14M	N/A	0.00%	N/A	N/A	N/A	N/A
EPRX	EUPRAXIA PHARMACEUTICALS INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
CNTG	CENTOGENE NV	$12.22M	N/A	0.00%	N/A	N/A	N/A	N/A
GRTX	GALERA THERAPEUTICS INC	$10.12M	N/A	0.00%	N/A	N/A	N/A	N/A
ACXP	ACURX PHARMACEUTICALS INC	$34.19M	N/A	0.00%	N/A	N/A	N/A	N/A
ELAN	ELANCO ANIMAL HEALTH INC	$6.67B	N/A	0.00%	N/A	N/A	N/A	N/A
EHAB	ENHABIT INC	$510.59M	N/A	0.00%	N/A	N/A	N/A	N/A
IBIO	IBIO INC	$6.93M	N/A	0.00%	N/A	N/A	N/A	N/A
CTLT	CATALENT INC	$10.21B	N/A	0.00%	N/A	N/A	N/A	N/A
ICCC	IMMUCELL CORP	$38.99M	N/A	0.00%	N/A	N/A	N/A	N/A
YS	YS BIOPHARMA CO LTD	$68.68M	N/A	N/A	N/A	N/A	N/A	N/A
ELTX	ELICIO THERAPEUTICS INC	$91.91M	N/A	0.00%	N/A	N/A	N/A	N/A
MAIA	MAIA BIOTECHNOLOGY INC	$65.61M	N/A	0.00%	N/A	N/A	N/A	N/A
MOVE	MOVANO INC	$46.17M	N/A	0.00%	N/A	N/A	N/A	N/A
BTSG	BRIGHTSPRING HEALTH SERVICES INC	$1.97B	N/A	N/A	N/A	N/A	N/A	N/A
OPGN	OPGEN INC	$4.71M	N/A	0.00%	N/A	N/A	N/A	N/A
RANI	RANI THERAPEUTICS HOLDINGS INC	$358.62M	N/A	0.00%	N/A	N/A	N/A	N/A
DRMA	DERMATA THERAPEUTICS INC	$2.24M	N/A	0.00%	N/A	N/A	N/A	N/A
KPRX	KIORA PHARMACEUTICALS INC	$13.47M	N/A	0.00%	N/A	N/A	N/A	N/A
AVAH	AVEANNA HEALTHCARE HOLDINGS INC	$448.24M	N/A	0.00%	N/A	N/A	N/A	N/A
AKTX	AKARI THERAPEUTICS PLC	$21.55M	N/A	N/A	N/A	N/A	N/A	N/A
CLRB	CELLECTAR BIOSCIENCES INC	$110.33M	N/A	0.00%	N/A	N/A	N/A	N/A
BCLI	BRAINSTORM CELL THERAPEUTICS INC	$25.97M	N/A	0.00%	N/A	N/A	N/A	N/A
NRSN	NEUROSENSE THERAPEUTICS LTD	$20.45M	N/A	0.00%	N/A	N/A	N/A	N/A
ENSC	ENSYSCE BIOSCIENCES INC	$4.11M	N/A	0.00%	N/A	N/A	N/A	N/A
PTN	PALATIN TECHNOLOGIES INC	$34.05M	N/A	0.00%	N/A	N/A	N/A	N/A
SKYE	SKYE BIOSCIENCE INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
UNCY	UNICYCIVE THERAPEUTICS INC	$38.93M	N/A	0.00%	N/A	N/A	N/A	N/A
SLS	SELLAS LIFE SCIENCES GROUP INC	$74.84M	N/A	0.00%	N/A	N/A	N/A	N/A
ALLR	ALLARITY THERAPEUTICS INC	$308.95k	N/A	0.00%	N/A	N/A	N/A	N/A
CING	CINGULATE INC	$4.84M	N/A	0.00%	N/A	N/A	N/A	N/A
NRXP	NRX PHARMACEUTICALS INC	$20.10M	N/A	0.00%	N/A	N/A	N/A	N/A
VCNX	VACCINEX INC	$7.45M	N/A	0.00%	N/A	N/A	N/A	N/A
ALZN	ALZAMEND NEURO INC	$4.99M	N/A	0.00%	N/A	N/A	N/A	N/A
TTOO	T2 BIOSYSTEMS INC	$20.51M	N/A	0.00%	N/A	N/A	N/A	N/A
OWLT	OWLET INC	$37.65M	N/A	0.00%	N/A	N/A	N/A	N/A
CHRO	CHROMOCELL THERAPEUTICS CORP	$10.40M	N/A	0.00%	N/A	N/A	N/A	N/A
QLGN	QUALIGEN THERAPEUTICS INC	$1.90M	N/A	0.00%	N/A	N/A	N/A	N/A
ACHV	ACHIEVE LIFE SCIENCES INC	$162.18M	N/A	0.00%	N/A	N/A	N/A	N/A
PBH	PRESTIGE CONSUMER HEALTHCARE INC	$3.48B	N/A	0.00%	$0.4750	N/A	N/A	0
OTLK	OUTLOOK THERAPEUTICS INC	$111.91M	N/A	0.00%	N/A	N/A	N/A	N/A
CNSP	CNS PHARMACEUTICALS INC	$2.35M	N/A	0.00%	N/A	N/A	N/A	N/A
IVA	INVENTIVA SA	$171.98M	N/A	0.00%	N/A	N/A	N/A	N/A
RNXT	RENOVORX INC	$20.58M	N/A	0.00%	N/A	N/A	N/A	N/A
RVPH	REVIVA PHARMACEUTICALS HOLDINGS INC	$89.34M	N/A	0.00%	N/A	N/A	N/A	N/A
ONMD	ONEMEDNET CORP	$14.29M	N/A	0.00%	N/A	N/A	N/A	N/A
ONCO	ONCONETIX INC	$2.75M	N/A	0.00%	N/A	N/A	N/A	N/A
LSDI	LUCY SCIENTIFIC DISCOVERY INC	$1.45M	N/A	0.00%	N/A	N/A	N/A	N/A
KTRA	KINTARA THERAPEUTICS INC	$5.89M	N/A	0.00%	N/A	N/A	N/A	N/A
BGXX	BRIGHT GREEN CORP	$40.70M	N/A	0.00%	N/A	N/A	N/A	N/A
LIFW	MSP RECOVERY INC	$125.27M	N/A	0.00%	N/A	N/A	N/A	N/A
SCNI	SCINAI IMMUNOTHERAPEUTICS LTD	$2.03M	N/A	0.00%	N/A	N/A	N/A	N/A
BCTX	BRIACELL THERAPEUTICS CORP	$36.12M	N/A	0.00%	N/A	N/A	N/A	N/A
EUDA	EUDA HEALTH HOLDINGS LTD	$44.35M	N/A	N/A	N/A	N/A	N/A	N/A
CDT	CONDUIT PHARMACEUTICALS INC	$221.49M	N/A	0.00%	N/A	N/A	N/A	N/A
ANVS	ANNOVIS BIO INC	$57.04M	N/A	0.00%	N/A	N/A	N/A	N/A
AMIX	AUTONOMIX MEDICAL INC	$57.70M	N/A	N/A	N/A	N/A	N/A	N/A
GALT	GALECTIN THERAPEUTICS INC	$206.76M	N/A	0.00%	N/A	N/A	N/A	N/A
HCTI	HEALTHCARE TRIANGLE INC	$6.37M	N/A	0.00%	N/A	N/A	N/A	N/A
ATNF	180 LIFE SCIENCES CORP	$1.71M	N/A	0.00%	N/A	N/A	N/A	N/A
OKYO	OKYO PHARMA LTD	$38.84M	N/A	0.00%	N/A	N/A	N/A	N/A
MDAI	SPECTRAL AI INC	$30.92M	N/A	0.00%	N/A	N/A	N/A	N/A
VTVT	VTV THERAPEUTICS INC	$71.13M	N/A	0.00%	N/A	N/A	N/A	N/A
QTI	QT IMAGING HOLDINGS INC	$17.15M	N/A	0.00%	N/A	N/A	N/A	N/A
INKT	MINK THERAPEUTICS INC	$34.01M	N/A	0.00%	N/A	N/A	N/A	N/A
NLSP	NLS PHARMACEUTICS LTD	$4.92M	N/A	0.00%	N/A	N/A	N/A	N/A
ICU	SEASTAR MEDICAL HOLDING CORP	$33.86M	N/A	0.00%	N/A	N/A	N/A	N/A
TVGN	TEVOGEN BIO HOLDINGS INC	$159.68M	N/A	0.00%	N/A	N/A	N/A	N/A
NIVF	NEWGENIVF GROUP LTD	$10.02M	N/A	0.00%	N/A	N/A	N/A	N/A
OCEA	OCEAN BIOMEDICAL INC	$50.20M	N/A	0.00%	N/A	N/A	N/A	N/A
PBM	PSYENCE BIOMEDICAL LTD	$15.53M	N/A	0.00%	N/A	N/A	N/A	N/A
CLDI	CALIDI BIOTHERAPEUTICS INC	$7.00M	N/A	0.00%	N/A	N/A	N/A	N/A
NKGN	NKGEN BIOTECH INC	$32.61M	N/A	0.00%	N/A	N/A	N/A	N/A

Healthcare Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Biotechnology	681	+1.07%	+6.00%	-2.53%	-18.30%	6.05x	6.01x	+14.40%	+2.29%	-33.91%	+80.46%	Strong Buy
Diagnostics & Research	66	+0.85%	+0.70%	-4.26%	-0.73%	38.44x	4.21x	-23.57%	+6.35%	+11.16%	+10.51%	Buy
Drug Manufacturers - General	17	+0.84%	+2.91%	-0.54%	+12.68%	148.07x	6.24x	+33.79%	+8.12%	+14.24%	+13.81%	Buy
Drug Manufacturers - Specialty & Generic	90	-0.21%	+4.09%	+0.45%	-3.63%	33.76x	2.15x	+11.91%	+3.10%	+5.65%	+32.15%	Strong Buy
Healthcare Plans	12	+0.01%	-1.01%	-0.15%	-0.05%	19.70x	2.90x	+19.64%	+6.04%	+14.10%	+17.24%	Buy
Health Information Services	61	+0.46%	+1.33%	-3.77%	-22.81%	75.59x	3.24x	+6.63%	+2.09%	+5.13%	+34.77%	Buy
Medical Care Facilities	51	+0.10%	+2.08%	-4.18%	+7.39%	-7.32x	4.34x	-93.77%	+6.64%	+13.89%	+17.87%	Buy
Medical Devices	154	+0.93%	+3.67%	-0.50%	-12.74%	27.79x	3.71x	+10.38%	+5.26%	+7.71%	+19.09%	Buy
Medical Distribution	9	-1.40%	-4.69%	-6.08%	+30.95%	26.17x	109.10x	-8.59%	+3.48%	+18.93%	+10.93%	Buy
Medical Instruments & Supplies	56	+0.43%	+1.57%	-1.02%	-12.24%	56.77x	3.54x	+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.