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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
DHAI	DIH HOLDING US INC	NASDAQ	Medical Devices	$64.87M	$1.60	-1.23%	$1.21M	N/A	-1.97
DRMA	DERMATA THERAPEUTICS INC	NASDAQ	Biotechnology	$1.67M	$3.76	-10.48%	-$8.69M	-0.14x	0.36
RNXT	RENOVORX INC	NASDAQ	Biotechnology	$33.53M	$1.40	2.19%	-$7.94M	-1.94x	1.71
ELTX	ELICIO THERAPEUTICS INC	NASDAQ	Biotechnology	$101.27M	$9.86	-1.89%	-$36.83M	-1.14x	4.03
EHAB	ENHABIT INC	NYSE	Medical Care Facilities	$448.89M	$8.95	8.48%	-$19.50M	-5.39x	1.10
ELAN	ELANCO ANIMAL HEALTH INC	NYSE	Drug Manufacturers - Specialty & Generic	$8.40B	$17.00	-1.11%	-$325.00M	-6.42x	1.32
GRTX	GALERA THERAPEUTICS INC	NASDAQ	Biotechnology	$10.12M	$0.19	-5.10%	-$38.31M	-0.20x	-1.15
BTSG	BRIGHTSPRING HEALTH SERVICES INC	NASDAQ	Health Information Services	$1.96B	$11.45	-0.17%	N/A	N/A	2.60
SOLV	SOLVENTUM CORP	NYSE	Health Information Services	$10.71B	$62.03	-0.56%	N/A	N/A	2.82
ISPC	ISPECIMEN INC	NASDAQ	Diagnostics & Research	$2.47M	$0.25	2.90%	-$9.41M	-0.19x	0.84
MTEM	MOLECULAR TEMPLATES INC	NASDAQ	Biotechnology	$9.41M	$1.43	-1.38%	-$11.28M	-1.29x	3.62
BIOL	BIOLASE INC	NASDAQ	Medical Devices	$5.38M	$0.16	1.26%	-$15.50M	-0.01x	-17.62
VERO	VENUS CONCEPT INC	NASDAQ	Medical Devices	$4.00M	$0.63	1.45%	-$26.52M	-0.09x	-4.64
MNDR	MOBILE-HEALTH NETWORK SOLUTIONS	NASDAQ	Health Information Services	$65.62M	$1.93	-4.46%	N/A	N/A	70.64
SHPH	SHUTTLE PHARMACEUTICALS HOLDINGS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$6.99M	$0.42	3.74%	-$4.96M	-0.90x	0.72
OPGN	OPGEN INC	NASDAQ	Medical Devices	$3.87M	$3.86	-16.09%	-$22.42M	-0.06x	5.78
CTNM	CONTINEUM THERAPEUTICS INC	NASDAQ	Biotechnology	$404.11M	$15.71	1.35%	N/A	N/A	-0.09
MYMD	MYMD PHARMACEUTICALS INC	NASDAQ	Biotechnology	$5.49M	$2.38	1.28%	-$12.29M	-0.25x	0.43
AXDX	ACCELERATE DIAGNOSTICS INC	NASDAQ	Medical Devices	$19.34M	$0.88	-0.57%	-$46.13M	-0.20x	-2.19
TEVA	TEVA PHARMACEUTICAL INDUSTRIES LTD	NYSE	Drug Manufacturers - Specialty & Generic	$19.04B	$16.81	3.19%	$1.64B	-38.20x	4.84
KA	KINETA INC	NASDAQ	Biotechnology	$5.89M	$0.48	6.42%	-$16.76M	-0.32x	-1.36
CADL	CANDEL THERAPEUTICS INC	NASDAQ	Biotechnology	$356.34M	$11.98	4.17%	-$33.50M	-9.36x	4.22
RENB	RENOVARO INC	NASDAQ	Biotechnology	$143.08M	$0.97	0.00%	-$52.90M	-1.24x	0.26
RANI	RANI THERAPEUTICS HOLDINGS INC	NASDAQ	Biotechnology	$264.71M	$5.25	0.57%	-$25.87M	-4.07x	5.27
AONC	AMERICAN ONCOLOGY NETWORK INC	NASDAQ	Medical Care Facilities	$96.71M	$2.63	-12.62%	N/A	N/A	-2.19
CPHI	CHINA PHARMA HOLDINGS INC	NYSEMKT	Drug Manufacturers - Specialty & Generic	$5.67M	$0.36	8.84%	-$454.86k	-0.53x	0.95
ANVS	ANNOVIS BIO INC	NYSE	Biotechnology	$97.75M	$8.75	5.29%	-$47.53M	-1.71x	-3.33
ENGN	ENGENE HOLDINGS INC	NASDAQ	Biotechnology	$552.18M	$12.67	-2.39%	N/A	N/A	0.50
EFTR	EFFECTOR THERAPEUTICS INC	NASDAQ	Biotechnology	$8.80M	$1.87	-3.61%	-$31.54M	-0.15x	31.81
ZVSA	ZYVERSA THERAPEUTICS INC	NASDAQ	Biotechnology	$3.51M	$4.20	-6.40%	-$105.98M	-0.00x	0.93
NUWE	NUWELLIS INC	NASDAQ	Medical Devices	$4.64M	$0.26	-0.77%	-$14.21M	-0.03x	6.53
PMN	PROMIS NEUROSCIENCES INC	NASDAQ	Biotechnology	$34.98M	$1.85	0.00%	-$11.59M	-2.49x	45.02
VRPX	VIRPAX PHARMACEUTICALS INC	NASDAQ	Biotechnology	$905.36k	$0.77	-1.02%	-$16.89M	-0.05x	-3.58
LIFW	MSP RECOVERY INC	NASDAQ	Health Information Services	$98.88M	$0.71	-7.96%	$274.74M	-0.11x	6.83
TTOO	T2 BIOSYSTEMS INC	NASDAQ	Diagnostics & Research	$53.29M	$6.06	7.45%	-$38.59M	-0.53x	-1.66
BPTH	BIO-PATH HOLDINGS INC	NASDAQ	Biotechnology	$3.59M	$2.17	1.40%	-$13.78M	-0.08x	-1.67
COCH	ENVOY MEDICAL INC	NASDAQ	Medical Devices	$63.50M	$3.24	4.18%	-$22.83M	-15.43x	-2.14
NRSN	NEUROSENSE THERAPEUTICS LTD	NASDAQ	Biotechnology	$19.38M	$1.26	4.13%	-$8.97M	-1.52x	-2.70
QLGN	QUALIGEN THERAPEUTICS INC	NASDAQ	Biotechnology	$1.86M	$0.30	0.68%	-$11.89M	-0.11x	-1.97
ALZN	ALZAMEND NEURO INC	NASDAQ	Biotechnology	$4.35M	$0.63	-0.16%	-$12.35M	-0.34x	-1.07
CNSP	CNS PHARMACEUTICALS INC	NASDAQ	Biotechnology	$2.56M	$0.22	-0.46%	-$17.45M	-0.06x	-1.38
CNTG	CENTOGENE NV	NASDAQ	Diagnostics & Research	$10.51M	$0.38	2.97%	-$20.95M	-0.28x	-4.05
HCWB	HCW BIOLOGICS INC	NASDAQ	Biotechnology	$41.98M	$1.11	0.91%	-$26.12M	-1.46x	2.48
MOVE	MOVANO INC	NASDAQ	Medical Devices	$42.65M	$0.43	2.36%	-$27.45M	-0.79x	-4.47
WINT	WINDTREE THERAPEUTICS INC	NASDAQ	Biotechnology	$2.59M	$4.37	-2.67%	-$5.32M	-0.12x	0.95
AMRX	AMNEAL PHARMACEUTICALS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$2.08B	$6.73	-1.32%	$299.04M	-9.09x	-55.24
NRXP	NRX PHARMACEUTICALS INC	NASDAQ	Biotechnology	$43.44M	$4.06	14.69%	-$25.28M	-1.29x	-1.25
IVA	INVENTIVA SA	NASDAQ	Biotechnology	$193.14M	$3.71	-2.32%	-$109.06M	-1.40x	-3.17
AGEN	AGENUS INC	NASDAQ	Biotechnology	$224.69M	$10.70	-1.47%	-$114.19M	-0.85x	-2.22
ARMP	ARMATA PHARMACEUTICALS INC	NYSEMKT	Biotechnology	$89.66M	$2.48	-4.25%	-$74.07M	-1.13x	-3.13
AKTX	AKARI THERAPEUTICS PLC	NASDAQ	Biotechnology	$24.09M	$1.52	0.00%	N/A	N/A	-1.78
CUTR	CUTERA INC	NASDAQ	Medical Devices	$45.36M	$2.26	1.80%	-$135.39M	-0.29x	-2.62
CERO	CERO THERAPEUTICS HOLDINGS INC	NASDAQ	Biotechnology	$15.97M	$1.06	-3.64%	N/A	N/A	-3.28
XFOR	X4 PHARMACEUTICALS INC	NASDAQ	Biotechnology	$151.14M	$0.90	-3.02%	-$120.35M	-1.30x	107.28
ALLR	ALLARITY THERAPEUTICS INC	NASDAQ	Biotechnology	$11.04M	$0.63	-1.88%	-$11.78M	-0.00x	-2.85
OKYO	OKYO PHARMA LTD	NASDAQ	Biotechnology	$38.07M	$1.49	-1.97%	-$13.18M	-2.44x	-3.53
BCTX	BRIACELL THERAPEUTICS CORP	NASDAQ	Biotechnology	$23.81M	$1.49	7.19%	-$17.21M	-1.86x	-2.55
VINC	VINCERX PHARMA INC	NASDAQ	Biotechnology	$20.14M	$0.68	-1.30%	-$37.22M	-0.38x	-18.82
LSDI	LUCY SCIENTIFIC DISCOVERY INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$2.28M	$1.29	-11.64%	-$9.75M	-0.18x	51.82
AMIX	AUTONOMIX MEDICAL INC	NASDAQ	Medical Devices	$43.41M	$2.31	-7.60%	N/A	N/A	-1.32
CDT	CONDUIT PHARMACEUTICALS INC	NASDAQ	Biotechnology	$214.84M	$2.91	-2.02%	-$2.01M	-0.00x	-2.59
BOLD	BOUNDLESS BIO INC	NASDAQ	Biotechnology	$236.34M	$10.62	9.82%	N/A	N/A	-1.83
FBLG	FIBROBIOLOGICS INC	NASDAQ	Biotechnology	$359.91M	$11.00	-3.08%	N/A	N/A	-3.95
ONMD	ONEMEDNET CORP	NASDAQ	Health Information Services	$11.21M	$0.47	1.08%	-$22.43M	-0.48x	-1.04
ONCO	ONCONETIX INC	NASDAQ	Biotechnology	$3.55M	$0.16	1.92%	-$44.48M	-0.06x	-1.18
PACS	PACS GROUP INC	NYSE	Medical Care Facilities	$4.22B	$28.55	1.21%	N/A	N/A	29.16
ICU	SEASTAR MEDICAL HOLDING CORP	NASDAQ	Biotechnology	$30.92M	$0.41	6.22%	-$32.88M	-0.41x	-2.73
NRXS	NEURAXIS INC	NYSEMKT	Biotechnology	$19.74M	$2.97	-2.30%	-$14.15M	-0.80x	-1.30
GALT	GALECTIN THERAPEUTICS INC	NASDAQ	Biotechnology	$196.39M	$3.16	-2.17%	-$41.25M	-4.27x	-1.33
OTLK	OUTLOOK THERAPEUTICS INC	NASDAQ	Biotechnology	$186.07M	$7.95	2.19%	-$156.86M	-0.70x	-1.44
MAIA	MAIA BIOTECHNOLOGY INC	NYSEMKT	Biotechnology	$74.46M	$3.41	3.02%	-$23.72M	-2.16x	-2.51
MDAI	SPECTRAL AI INC	NASDAQ	Medical Devices	$32.17M	$1.84	5.14%	-$19.77M	-1.57x	-8.64
ALUR	ALLURION TECHNOLOGIES INC	NYSE	Medical Devices	$81.03M	$1.69	-4.52%	-$44.97M	-0.46x	-1.91
ERNA	ETERNA THERAPEUTICS INC	NASDAQ	Biotechnology	$11.25M	$2.08	4.00%	-$19.90M	-0.49x	-15.55
NLSP	NLS PHARMACEUTICS LTD	NASDAQ	Biotechnology	$6.31M	$0.18	7.93%	-$12.02M	-0.55x	-1.21
RVPH	REVIVA PHARMACEUTICALS HOLDINGS INC	NASDAQ	Biotechnology	$42.99M	$1.54	-7.78%	-$40.07M	-0.97x	-11.03
BCLI	BRAINSTORM CELL THERAPEUTICS INC	NASDAQ	Biotechnology	$39.74M	$0.57	9.04%	-$14.73M	-1.77x	-1.60
AEON	AEON BIOPHARMA INC	NYSEMKT	Biotechnology	$66.51M	$1.70	11.11%	-$323.91M	-0.19x	-1.05
BGXX	BRIGHT GREEN CORP	NASDAQ	Drug Manufacturers - Specialty & Generic	$42.60M	$0.22	-2.61%	-$10.84M	-3.20x	0.44
NKGN	NKGEN BIOTECH INC	NASDAQ	Biotechnology	$42.56M	$1.71	52.68%	-$76.74M	-0.37x	-1.30
CLDI	CALIDI BIOTHERAPEUTICS INC	NYSEMKT	Biotechnology	$12.63M	$0.25	8.77%	-$27.77M	-0.36x	-1.51
PBM	PSYENCE BIOMEDICAL LTD	NASDAQ	Biotechnology	$11.72M	$0.88	0.57%	$1.52M	-87.50x	-1.79
OCEA	OCEAN BIOMEDICAL INC	NASDAQ	Biotechnology	$55.32M	$1.62	-7.95%	-$97.33M	-0.41x	-1.01
TVGN	TEVOGEN BIO HOLDINGS INC	NASDAQ	Biotechnology	$128.40M	$0.78	-4.88%	-$58.89M	-0.32x	-1.06
NIVF	NEWGENIVF GROUP LTD	NASDAQ	Medical Care Facilities	$10.93M	$1.32	16.81%	-$690.85k	-1.07x	-1.01
NUVO	LAMF GLOBAL VENTURES CORP I	NASDAQ	Medical Devices	$23.41M	$1.77	-1.67%	N/A	-0.95x	-0.58
INKT	MINK THERAPEUTICS INC	NASDAQ	Biotechnology	$35.07M	$1.01	0.00%	-$20.37M	-1.71x	-1.34

Healthcare Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Biotechnology	678	+0.74%	+2.09%	+6.36%	-20.75%	8.16x	6.06x	+18.37%	+3.70%	-27.15%	+77.15%	Strong Buy
Diagnostics & Research	64	-0.34%	+2.22%	+12.40%	+8.46%	39.05x	4.47x	-13.16%	+6.46%	+11.46%	+5.34%	Buy
Drug Manufacturers - General	18	+0.48%	+1.89%	+7.64%	+18.88%	32.93x	6.42x	+33.66%	+8.08%	+14.20%	+10.49%	Buy
Drug Manufacturers - Specialty & Generic	87	+0.27%	+0.58%	+6.24%	-3.67%	-1.08x	2.21x	+12.46%	+3.39%	+6.12%	+31.76%	Strong Buy
Healthcare Plans	12	-1.10%	+0.04%	+1.12%	+4.69%	25.19x	3.03x	+15.18%	+4.74%	+11.78%	+13.37%	Buy
Health Information Services	61	-0.19%	+1.63%	-1.19%	-22.50%	10.68x	3.32x	+6.76%	+2.25%	+5.35%	+27.15%	Buy
Medical Care Facilities	51	+0.19%	+0.62%	+4.65%	+11.39%	37.64x	4.62x	-92.27%	+6.58%	+13.67%	+14.97%	Buy
Medical Devices	150	-0.33%	+1.75%	+3.10%	-14.72%	30.55x	3.98x	+7.33%	+5.24%	+8.23%	+20.25%	Buy
Medical Distribution	10	-0.52%	+0.61%	+0.95%	+26.67%	26.75x	106.68x	-12.18%	+3.44%	+19.61%	+11.48%	Buy
Medical Instruments & Supplies	56	-0.23%	+1.99%	+6.12%	-6.85%	59.90x	3.63x	+11.21%	+7.72%	+10.03%	+18.87%	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 46 points higher than the healthcare sector average of 24. It passed 22 out of 33 due diligence checks and has strong fundamentals. Cross Country Healthcare has seen its stock lose -41.26% over the past year, underperforming other healthcare stocks by -34 percentage points.

Cross Country Healthcare has an average 1 year price target of $19.50, an upside of 34.58% from Cross Country Healthcare's current stock price of $14.49.

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. Incyte (NASDAQ:INCY)

Incyte (NASDAQ:INCY) is the second best healthcare stock with a Zen Score of 64, which is 40 points higher than the healthcare sector average of 24. It passed 20 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -11.18% over the past year, underperforming other healthcare stocks by -4 percentage points.

Incyte has an average 1 year price target of $74.92, an upside of 31.01% from Incyte's current stock price of $57.19.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Incyte, 30.77% have issued a Strong Buy rating, 23.08% have issued a Buy, 46.15% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Corcept Therapeutics (NASDAQ:CORT)

Corcept Therapeutics (NASDAQ:CORT) is the third best healthcare stock with a Zen Score of 64, which is 40 points higher than the healthcare sector average of 24. It passed 21 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 17.21% over the past year, overperforming other healthcare stocks by 24 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 40.81% from Corcept Therapeutics's current stock price of $28.88.

Corcept Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Corcept Therapeutics, 66.67% have issued a Strong Buy rating, 33.33% 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 71 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Sanofi (NASDAQ:SNY)

Sanofi (NASDAQ:SNY) has an annual dividend yield of 8.14%, which is 6 percentage points higher than the healthcare sector average of 2.07%. Sanofi's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Sanofi's dividend has shown consistent growth over the last 10 years.

Sanofi's dividend payout ratio of 82.1% 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 7.95%, which is 6 percentage points higher than the healthcare sector average of 2.07%.

Siga Technologies's dividend payout ratio of 95.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. Spok Holdings (NASDAQ:SPOK)

Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 7.82%, which is 6 percentage points higher than the healthcare sector average of 2.07%. 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 0.04% in the last day, and up 1.67% over the last week. Scorpius Holdings was the among the top gainers in the healthcare sector, gaining 55.34% yesterday.

Scorpius shares are trading higher after the company announced expansion in San Antonio with a new storage and testing facility.

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 85 points higher than the healthcare sector average of 15. It passed 7 out of 7 valuation due diligence checks.

Inmode's stock has dropped -44.54% in the past year. It has underperformed other stocks in the healthcare sector by -38 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 85 points higher than the healthcare sector average of 15. It passed 7 out of 7 valuation due diligence checks.

Pacira Biosciences's stock has dropped -26.17% in the past year. It has underperformed other stocks in the healthcare sector by -19 percentage points.

3. Cross Country Healthcare (NASDAQ:CCRN)

Cross Country Healthcare (NASDAQ:CCRN) is the third most undervalued healthcare stock based on WallStreetZen's Valuation Score. Cross Country Healthcare has a valuation score of 100, which is 85 points higher than the healthcare sector average of 15. It passed 7 out of 7 valuation due diligence checks.

Cross Country Healthcare's stock has dropped -41.26% in the past year. It has underperformed other stocks in the healthcare sector by -34 percentage points.

Are healthcare stocks a good buy now?

50.4% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 32.73% 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 27.77x.

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.