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 Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
KA	KINETA INC	United States	$6.47M	10,962,460	3.76%	96.24%	Net Buying	Net Buying
CYH	COMMUNITY HEALTH SYSTEMS INC	United States	$475.27M	138,966,388	60.92%	39.08%	Net Buying	Net Selling
APTO	APTOSE BIOSCIENCES INC	Canada	$18.86M	15,717,701	7.58%	67.78%	Net Buying
BACK	IMAC HOLDINGS INC	United States	$4.25M	1,148,321	2.59%	97.41%
VTAK	CATHETER PRECISION INC	United States	$4.24M	7,573,403	5.76%	49.95%	Net Buying
MODD	MODULAR MEDICAL INC	United States	$35.26M	21,899,058	14.52%	38.11%	Net Buying	Net Buying
CRBP	CORBUS PHARMACEUTICALS HOLDINGS INC	United States	$406.82M	10,493,108	5.76%	94.24%	Net Buying	Net Buying
SER	SERINA THERAPEUTICS INC	United States	$20.76M	2,500,664	12.90%	87.10%
AXDX	ACCELERATE DIAGNOSTICS INC	United States	$20.04M	21,664,387	3.44%	96.56%	Net Buying	Net Selling
PSTV	PLUS THERAPEUTICS INC	United States	$7.70M	4,276,082	0.60%	99.40%	Net Buying
ARMP	ARMATA PHARMACEUTICALS INC	United States	$90.01M	36,148,539	1.55%	98.45%
ASLN	ASLAN PHARMACEUTICALS LTD	Singapore	$7.87M	439,926,480	0.79%	0.00%
BHC	BAUSCH HEALTH COMPANIES INC	Canada	$2.87B	366,796,721	71.87%	28.13%	Net Selling	Net Selling
JAGX	JAGUAR HEALTH INC	United States	$87.84M	276,216,260	0.45%	3.48%
NVAX	NOVAVAX INC	United States	$689.97M	139,953,143	55.43%	19.60%	Net Selling	Net Selling
MMA	ALTA GLOBAL GROUP LTD	Australia	N/A	10,223,079	0.00%	0.00%
MRAI	MARPAI INC	United States	$24.10M	10,300,548	2.30%	79.86%	Net Buying	Net Buying
ATRA	ATARA BIOTHERAPEUTICS INC	United States	$79.97M	119,359,230	54.24%	11.13%	Net Buying	Net Selling
ALUR	ALLURION TECHNOLOGIES INC	United States	$110.06M	47,852,203	15.87%	16.54%	Net Buying
AKAN	AKANDA CORP	United Kingdom	$795.86k	8,842,851	0.67%	0.00%
ENGN	ENGENE HOLDINGS INC	Canada	$675.95M	43,581,331	32.55%	27.91%	Net Buying	Net Buying
HUMA	HUMACYTE INC	United States	$525.16M	119,083,728	14.97%	36.38%	Net Selling
CVM	CEL SCI CORP	United States	$81.67M	50,104,231	12.96%	43.81%	Net Buying	Net Buying
HCWB	HCW BIOLOGICS INC	United States	$50.31M	37,823,394	2.82%	47.89%	Net Buying	Net Buying
ZVSA	ZYVERSA THERAPEUTICS INC	United States	$4.14M	759,486	4.63%	95.37%
EPRX	EUPRAXIA PHARMACEUTICALS INC	Canada	N/A	27,282,165	0.00%	0.00%
CNTG	CENTOGENE NV	Germany	$12.22M	27,595,835	9.75%	0.00%
GRTX	GALERA THERAPEUTICS INC	United States	$10.12M	54,392,170	23.78%	62.30%	Net Selling	Net Selling
ACXP	ACURX PHARMACEUTICALS INC	United States	$34.19M	15,757,102	6.93%	15.26%	Net Buying
ELAN	ELANCO ANIMAL HEALTH INC	United States	$6.67B	492,970,011	90.53%	9.47%	Net Selling	Net Selling
EHAB	ENHABIT INC	United States	$510.59M	50,155,940	97.96%	2.04%	Net Buying	Net Buying
IBIO	IBIO INC	United States	$6.93M	3,484,266	0.72%	99.28%	Net Selling
CTLT	CATALENT INC	United States	$10.21B	180,737,675	79.66%	20.34%	Net Buying	Net Selling
ICCC	IMMUCELL CORP	United States	$38.99M	7,750,864	13.45%	24.31%	Net Buying
YS	YS BIOPHARMA CO LTD	China	$68.68M	93,058,197	10.08%	0.00%
ELTX	ELICIO THERAPEUTICS INC	United States	$91.91M	10,235,469	3.25%	92.54%	Net Buying
MAIA	MAIA BIOTECHNOLOGY INC	United States	$65.61M	20,002,826	4.02%	22.12%	Net Buying	Net Buying
MOVE	MOVANO INC	United States	$46.17M	98,225,068	9.32%	10.19%	Net Buying
BTSG	BRIGHTSPRING HEALTH SERVICES INC	United States	$1.97B	171,320,174	0.00%	100.00%	Net Buying	Net Buying
OPGN	OPGEN INC	United States	$4.71M	10,013,524	1.28%	98.72%
RANI	RANI THERAPEUTICS HOLDINGS INC	United States	$358.62M	50,157,292	5.88%	51.66%	Net Buying
DRMA	DERMATA THERAPEUTICS INC	United States	$2.24M	6,660,840	4.01%	95.99%
KPRX	KIORA PHARMACEUTICALS INC	United States	$13.47M	26,256,197	1.15%	47.24%
AVAH	AVEANNA HEALTHCARE HOLDINGS INC	United States	$448.24M	192,378,711	29.14%	70.86%	Net Buying
AKTX	AKARI THERAPEUTICS PLC	United States	$21.55M	15,847,391,523	0.00%	59.09%
CLRB	CELLECTAR BIOSCIENCES INC	United States	$110.33M	32,260,510	26.67%	12.70%
BCLI	BRAINSTORM CELL THERAPEUTICS INC	United States	$25.97M	68,341,857	5.79%	54.09%	Net Buying	Net Buying
NRSN	NEUROSENSE THERAPEUTICS LTD	Israel	$20.45M	15,379,042	0.92%	0.00%
ENSC	ENSYSCE BIOSCIENCES INC	United States	$4.11M	7,329,172	0.72%	57.99%
PTN	PALATIN TECHNOLOGIES INC	United States	$34.05M	16,136,640	8.26%	91.74%	Net Selling	Net Selling
SKYE	SKYE BIOSCIENCE INC	United States	N/A	28,062,907	0.00%	100.00%	Net Buying	Net Buying
UNCY	UNICYCIVE THERAPEUTICS INC	United States	$38.93M	34,756,436	37.49%	18.00%
SLS	SELLAS LIFE SCIENCES GROUP INC	United States	$74.84M	56,267,670	6.21%	13.47%	Net Selling
ALLR	ALLARITY THERAPEUTICS INC	United States	$308.95k	308,945	4.41%	95.59%
CING	CINGULATE INC	United States	$4.84M	5,010,471	0.05%	99.95%	Net Buying	Net Buying
NRXP	NRX PHARMACEUTICALS INC	United States	$20.10M	9,569,978	6.23%	93.77%	Net Buying
VCNX	VACCINEX INC	United States	$7.45M	1,231,602	18.31%	81.69%	Net Buying	Net Buying
ALZN	ALZAMEND NEURO INC	United States	$4.99M	6,866,846	0.97%	99.03%	Net Buying	Net Buying
TTOO	T2 BIOSYSTEMS INC	United States	$20.51M	5,512,332	0.51%	99.49%	Net Selling
OWLT	OWLET INC	United States	$37.65M	8,964,338	6.49%	93.51%	Net Selling	Net Selling
CHRO	CHROMOCELL THERAPEUTICS CORP	United States	$10.40M	5,877,835	0.00%	47.70%	Net Buying	Net Buying
QLGN	QUALIGEN THERAPEUTICS INC	United States	$1.90M	6,307,371	0.87%	99.13%
ACHV	ACHIEVE LIFE SCIENCES INC	United States	$162.18M	34,251,911	7.96%	27.78%	Net Buying	Net Selling
PBH	PRESTIGE CONSUMER HEALTHCARE INC	United States	$3.48B	49,649,288	69.04%	30.96%	Net Selling	Net Selling
OTLK	OUTLOOK THERAPEUTICS INC	United States	$111.91M	13,012,876	13.26%	86.74%	Net Buying	Net Buying
CNSP	CNS PHARMACEUTICALS INC	United States	$2.35M	10,634,932	2.97%	5.30%	Net Buying
IVA	INVENTIVA SA	France	$171.98M	52,115,807	9.33%	0.00%
RNXT	RENOVORX INC	United States	$20.58M	16,865,975	1.96%	20.25%	Net Buying
RVPH	REVIVA PHARMACEUTICALS HOLDINGS INC	United States	$89.34M	27,918,560	18.78%	38.25%
ONMD	ONEMEDNET CORP	United Kingdom	$14.29M	23,850,010	1.29%	27.05%	Net Selling
ONCO	ONCONETIX INC	United States	$2.75M	22,327,701	10.85%	21.37%
LSDI	LUCY SCIENTIFIC DISCOVERY INC	Canada	$1.45M	1,764,630	42.58%	57.42%
KTRA	KINTARA THERAPEUTICS INC	United States	$5.89M	39,037,899	0.62%	27.90%
BGXX	BRIGHT GREEN CORP	United States	$40.70M	190,166,318	7.56%	67.06%	Net Buying	Net Buying
LIFW	MSP RECOVERY INC	United States	$125.27M	139,966,718	0.48%	13.43%	Net Buying	Net Selling
SCNI	SCINAI IMMUNOTHERAPEUTICS LTD	Israel	$2.03M	1,453,970,784	0.03%	0.05%
BCTX	BRIACELL THERAPEUTICS CORP	Canada	$36.12M	15,981,726	15.42%	12.34%
EUDA	EUDA HEALTH HOLDINGS LTD	Singapore	$44.35M	24,777,509	4.32%	39.56%
CDT	CONDUIT PHARMACEUTICALS INC	United States	$221.49M	73,829,536	1.86%	73.61%
ANVS	ANNOVIS BIO INC	United States	$57.04M	11,011,299	10.94%	26.91%	Net Buying
AMIX	AUTONOMIX MEDICAL INC	United States	$57.70M	18,793,974	0.00%	35.88%
GALT	GALECTIN THERAPEUTICS INC	United States	$206.76M	61,903,672	8.36%	91.64%	Net Buying	Net Selling
HCTI	HEALTHCARE TRIANGLE INC	United States	$6.37M	4,649,909	0.02%	99.98%
ATNF	180 LIFE SCIENCES CORP	United States	$1.71M	852,772	7.45%	92.55%	Net Buying
OKYO	OKYO PHARMA LTD	United Kingdom	$38.84M	25,553,274	0.15%	99.85%	Net Buying
MDAI	SPECTRAL AI INC	United States	$30.92M	17,466,871	10.41%	76.42%	Net Buying
VTVT	VTV THERAPEUTICS INC	United States	$71.13M	3,010,206	0.11%	99.89%	Net Buying	Net Buying
QTI	QT IMAGING HOLDINGS INC	United States	$17.15M	21,437,216	8.17%	91.83%	Net Buying	Net Buying
INKT	MINK THERAPEUTICS INC	United States	$34.01M	34,699,056	2.85%	72.02%	Net Buying	Net Buying
NLSP	NLS PHARMACEUTICS LTD	Switzerland	$4.92M	35,671,780	16.35%	0.00%
ICU	SEASTAR MEDICAL HOLDING CORP	United States	$33.86M	75,419,458	1.23%	19.86%	Net Buying
TVGN	TEVOGEN BIO HOLDINGS INC	United States	$159.68M	164,614,418	1.46%	96.20%	Net Selling
NIVF	NEWGENIVF GROUP LTD	Thailand	$10.02M	8,284,000	23.06%	20.82%
OCEA	OCEAN BIOMEDICAL INC	United States	$50.20M	34,149,046	13.42%	75.32%
PBM	PSYENCE BIOMEDICAL LTD	Canada	$15.53M	13,390,659	3.69%	66.53%	Net Selling
CLDI	CALIDI BIOTHERAPEUTICS INC	United States	$7.00M	35,538,034	5.35%	49.17%	Net Selling	Net Buying
NKGN	NKGEN BIOTECH INC	United States	$32.61M	22,805,643	15.84%	84.16%	Net Buying

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.