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)
CYCN	CYCLERION THERAPEUTICS INC	$8.24M	N/A	0.00%	N/A	N/A	N/A	N/A
TRVI	TREVI THERAPEUTICS INC	$197.23M	N/A	0.00%	N/A	N/A	N/A	N/A
DTIL	PRECISION BIOSCIENCES INC	$72.48M	N/A	0.00%	N/A	N/A	N/A	N/A
TERN	TERNS PHARMACEUTICALS INC	$328.43M	N/A	0.00%	N/A	N/A	N/A	N/A
LSTA	LISATA THERAPEUTICS INC	$23.70M	N/A	0.00%	N/A	N/A	N/A	N/A
LFMD	LIFEMD INC	$469.86M	N/A	0.00%	N/A	N/A	N/A	N/A
SRTS	SENSUS HEALTHCARE INC	$59.18M	N/A	0.00%	N/A	N/A	N/A	N/A
LABP	LANDOS BIOPHARMA INC	$69.48M	N/A	0.00%	N/A	N/A	N/A	N/A
TTNP	TITAN PHARMACEUTICALS INC	$6.13M	N/A	0.00%	N/A	N/A	N/A	N/A
BPMC	BLUEPRINT MEDICINES CORP	$5.81B	N/A	0.00%	N/A	N/A	N/A	N/A
ICAD	ICAD INC	$37.95M	N/A	0.00%	N/A	N/A	N/A	N/A
CRDF	CARDIFF ONCOLOGY INC	$188.98M	N/A	0.00%	N/A	N/A	N/A	N/A
RIGL	RIGEL PHARMACEUTICALS INC	$191.16M	N/A	0.00%	N/A	N/A	N/A	N/A
DNTH	DIANTHUS THERAPEUTICS INC	$661.18M	N/A	0.00%	N/A	N/A	N/A	N/A
TELA	TELA BIO INC	$114.13M	N/A	0.00%	N/A	N/A	N/A	N/A
IRTC	IRHYTHM TECHNOLOGIES INC	$3.46B	N/A	0.00%	N/A	N/A	N/A	N/A
DNA	GINKGO BIOWORKS HOLDINGS INC	$1.81B	N/A	0.00%	N/A	N/A	N/A	N/A
LRMR	LARIMAR THERAPEUTICS INC	$468.93M	N/A	0.00%	N/A	N/A	N/A	N/A
CLPT	CLEARPOINT NEURO INC	$146.21M	N/A	0.00%	N/A	N/A	N/A	N/A
PMCB	PHARMACYTE BIOTECH INC	$18.03M	N/A	0.00%	N/A	N/A	N/A	N/A
FDMT	4D MOLECULAR THERAPEUTICS INC	$1.26B	N/A	0.00%	N/A	N/A	N/A	N/A
NVNO	ENVVENO MEDICAL CORP	$68.32M	N/A	0.00%	N/A	N/A	N/A	N/A
TCRX	TSCAN THERAPEUTICS INC	$412.74M	N/A	0.00%	N/A	N/A	N/A	N/A
SNSE	SENSEI BIOTHERAPEUTICS INC	$31.59M	N/A	0.00%	N/A	N/A	N/A	N/A
OMIC	SINGULAR GENOMICS SYSTEMS INC	$30.09M	N/A	0.00%	N/A	N/A	N/A	N/A
TBPH	THERAVANCE BIOPHARMA INC	$425.78M	N/A	0.00%	N/A	N/A	N/A	N/A
HOWL	WEREWOLF THERAPEUTICS INC	$257.28M	N/A	0.00%	N/A	N/A	N/A	N/A
SDGR	SCHRODINGER INC	$1.84B	N/A	0.00%	N/A	N/A	N/A	N/A
AUGX	AUGMEDIX INC	$123.31M	N/A	0.00%	N/A	N/A	N/A	N/A
NURO	NEUROMETRIX INC	$8.82M	N/A	0.00%	N/A	N/A	N/A	N/A
IOBT	IO BIOTECH INC	$102.12M	N/A	0.00%	N/A	N/A	N/A	N/A
ATOS	ATOSSA THERAPEUTICS INC	$191.72M	N/A	0.00%	N/A	N/A	N/A	N/A
BOLT	BOLT BIOTHERAPEUTICS INC	$42.70M	N/A	0.00%	N/A	N/A	N/A	N/A
RLAY	RELAY THERAPEUTICS INC	$873.65M	N/A	0.00%	N/A	N/A	N/A	N/A
AVXL	ANAVEX LIFE SCIENCES CORP	$303.00M	N/A	0.00%	N/A	N/A	N/A	N/A
CLDX	CELLDEX THERAPEUTICS INC	$2.20B	N/A	0.00%	N/A	N/A	N/A	N/A
ATXS	ASTRIA THERAPEUTICS INC	$521.58M	N/A	0.00%	N/A	N/A	N/A	N/A
PROF	PROFOUND MEDICAL CORP	$159.21M	N/A	0.00%	N/A	N/A	N/A	N/A
ABIO	ARCA BIOPHARMA INC	$47.15M	N/A	0.00%	N/A	N/A	N/A	N/A
DMTK	DERMTECH INC	$21.36M	N/A	0.00%	N/A	N/A	N/A	N/A
TVTX	TRAVERE THERAPEUTICS INC	$456.59M	N/A	0.00%	N/A	N/A	N/A	N/A
ETNB	89BIO INC	$818.14M	N/A	0.00%	N/A	N/A	N/A	N/A
OM	OUTSET MEDICAL INC	$143.94M	N/A	0.00%	N/A	N/A	N/A	N/A
EVGN	EVOGENE LTD	$36.22M	N/A	0.00%	N/A	N/A	N/A	N/A
NEO	NEOGENOMICS INC	$1.78B	N/A	0.00%	N/A	N/A	N/A	N/A
STIM	NEURONETICS INC	$105.78M	N/A	0.00%	N/A	N/A	N/A	N/A
ELVN	ENLIVEN THERAPEUTICS INC	$748.39M	N/A	0.00%	N/A	N/A	N/A	N/A
NRC	NATIONAL RESEARCH CORP	$826.32M	4.27%	117.50%	$0.1200	$1.48	71%	4
PULM	PULMATRIX INC	$6.90M	N/A	0.00%	N/A	N/A	N/A	N/A
PACS	PACS GROUP INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
BYSI	BEYONDSPRING INC	$80.40M	N/A	0.00%	N/A	N/A	N/A	N/A
PHAR	PHARMING GROUP NV	$701.27M	N/A	0.00%	N/A	N/A	N/A	N/A
DVAX	DYNAVAX TECHNOLOGIES CORP	$1.53B	N/A	0.00%	N/A	N/A	N/A	N/A
RXRX	RECURSION PHARMACEUTICALS INC	$1.96B	N/A	0.00%	N/A	N/A	N/A	N/A
CMAX	CAREMAX INC	$15.06M	N/A	0.00%	N/A	N/A	N/A	N/A
OPTN	OPTINOSE INC	$102.29M	N/A	0.00%	N/A	N/A	N/A	N/A
OCUL	OCULAR THERAPEUTIX INC	$746.11M	N/A	0.00%	N/A	N/A	N/A	N/A
NARI	INARI MEDICAL INC	$2.42B	N/A	0.00%	N/A	N/A	N/A	N/A
MNKD	MANNKIND CORP	$1.17B	N/A	0.00%	N/A	N/A	N/A	N/A
URGN	UROGEN PHARMA LTD	$491.36M	N/A	0.00%	N/A	N/A	N/A	N/A
ICCM	ICECURE MEDICAL LTD	$53.50M	N/A	0.00%	N/A	N/A	N/A	N/A
GTHX	G1 THERAPEUTICS INC	$215.92M	N/A	0.00%	N/A	N/A	N/A	N/A
ECOR	ELECTROCORE INC	$36.26M	N/A	0.00%	N/A	N/A	N/A	N/A
QIPT	QUIPT HOME MEDICAL CORP	$153.67M	N/A	0.00%	N/A	N/A	N/A	N/A
ADPT	ADAPTIVE BIOTECHNOLOGIES CORP	$404.81M	N/A	0.00%	N/A	N/A	N/A	N/A
FOLD	AMICUS THERAPEUTICS INC	$3.08B	N/A	0.00%	N/A	N/A	N/A	N/A
OCGN	OCUGEN INC	$357.68M	N/A	0.00%	N/A	N/A	N/A	N/A
EXAS	EXACT SCIENCES CORP	$10.89B	N/A	0.00%	N/A	N/A	N/A	N/A
AKYA	AKOYA BIOSCIENCES INC	$194.60M	N/A	0.00%	N/A	N/A	N/A	N/A
RPTX	REPARE THERAPEUTICS INC	$139.20M	N/A	0.00%	N/A	N/A	N/A	N/A
CANF	CAN-FITE BIOPHARMA LTD	$8.53M	N/A	0.00%	N/A	N/A	N/A	N/A
MRNA	MODERNA INC	$42.59B	N/A	0.00%	N/A	N/A	N/A	N/A
BFLY	BUTTERFLY NETWORK INC	$165.83M	N/A	0.00%	N/A	N/A	N/A	N/A
AMWL	AMERICAN WELL CORP	$157.42M	N/A	0.00%	N/A	N/A	N/A	N/A
TCRT	ALAUNOS THERAPEUTICS INC	$20.66M	N/A	0.00%	N/A	N/A	N/A	N/A
BGLC	BIONEXUS GENE LAB CORP	$10.85M	N/A	0.00%	N/A	N/A	N/A	N/A
PNTG	PENNANT GROUP INC	$638.07M	N/A	0.00%	N/A	N/A	N/A	N/A
LNSR	LENSAR INC	$34.98M	N/A	0.00%	N/A	N/A	N/A	N/A
BLRX	BIOLINERX LTD	$48.92M	N/A	0.00%	N/A	N/A	N/A	N/A
TLPH	TALPHERA INC	$16.97M	N/A	0.00%	N/A	N/A	N/A	N/A
AADI	AADI BIOSCIENCE INC	$47.64M	N/A	0.00%	N/A	N/A	N/A	N/A
SILO	SILO PHARMA INC	$5.23M	N/A	0.00%	N/A	N/A	N/A	N/A
BLFS	BIOLIFE SOLUTIONS INC	$791.84M	N/A	0.00%	N/A	N/A	N/A	N/A
SYRA	SYRA HEALTH CORP	$14.66M	N/A	0.00%	N/A	N/A	N/A	N/A
INVA	INNOVIVA INC	$962.95M	N/A	0.00%	$0.2500	N/A	N/A	0
BRTX	BIORESTORATIVE THERAPIES INC	$9.27M	N/A	0.00%	N/A	N/A	N/A	N/A
STOK	STOKE THERAPEUTICS INC	$535.27M	N/A	0.00%	N/A	N/A	N/A	N/A
IMRN	IMMURON LTD	$14.12M	N/A	0.00%	N/A	N/A	N/A	N/A
HOOK	HOOKIPA PHARMA INC	$88.96M	N/A	0.00%	N/A	N/A	N/A	N/A
IPHA	INNATE PHARMA SA	$204.35M	N/A	0.00%	N/A	N/A	N/A	N/A
CLLS	CELLECTIS SA	$181.96M	N/A	0.00%	N/A	N/A	N/A	N/A
EVH	EVOLENT HEALTH INC	$3.15B	N/A	0.00%	N/A	N/A	N/A	N/A
ZJYL	JIN MEDICAL INTERNATIONAL LTD	$580.80M	N/A	0.00%	N/A	N/A	N/A	N/A
PSTX	POSEIDA THERAPEUTICS INC	$267.27M	N/A	0.00%	N/A	N/A	N/A	N/A
BNR	BURNING ROCK BIOTECH LTD	$76.63M	N/A	0.00%	N/A	N/A	N/A	N/A
OCX	ONCOCYTE CORP	$21.10M	N/A	0.00%	N/A	N/A	N/A	N/A
CRVO	CERVOMED INC	$149.14M	N/A	0.00%	N/A	N/A	N/A	N/A
MRVI	MARAVAI LIFESCIENCES HOLDINGS INC	$2.12B	N/A	0.00%	N/A	N/A	N/A	N/A
RDNT	RADNET INC	$3.45B	N/A	0.00%	N/A	N/A	N/A	N/A
LGND	LIGAND PHARMACEUTICALS INC	$1.26B	N/A	N/A	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	682	+2.73%	+3.18%	-7.19%	-21.03%	7.71x	6.02x	-68.56%	+3.07%	+21.74%	+84.82%	Strong Buy
Diagnostics & Research	66	+0.70%	-0.56%	-6.06%	-2.35%	38.50x	4.18x	-22.82%	+6.39%	+10.99%	+11.35%	Buy
Drug Manufacturers - General	17	+0.52%	+3.18%	-0.94%	+13.75%	151.40x	6.24x	+34.95%	+8.30%	+14.47%	+13.15%	Buy
Drug Manufacturers - Specialty & Generic	90	+0.48%	+3.46%	-1.40%	-6.22%	32.65x	2.12x	+11.34%	+2.71%	+5.06%	+33.93%	Strong Buy
Healthcare Plans	12	-0.30%	-2.39%	-5.75%	-2.55%	18.65x	2.84x	+19.97%	+6.14%	+14.20%	+17.58%	Buy
Health Information Services	61	+0.90%	-0.31%	-7.89%	-25.07%	75.21x	3.28x	+6.22%	+2.03%	+5.22%	+36.70%	Buy
Medical Care Facilities	51	+0.26%	-1.00%	-5.53%	+5.10%	-1.05x	4.40x	-80.36%	+6.53%	+13.61%	+17.61%	Buy
Medical Devices	154	+2.20%	+0.21%	-4.02%	-15.23%	30.19x	3.68x	+10.60%	+5.30%	+7.71%	+21.30%	Buy
Medical Distribution	9	-1.68%	-1.91%	-3.95%	+32.84%	25.61x	124.98x	-7.98%	+3.49%	+19.48%	+8.16%	Buy
Medical Instruments & Supplies	56	+0.51%	+0.32%	-3.15%	-12.42%	55.14x	3.53x	+11.66%	+7.78%	+10.33%	+20.96%	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 -5.36% over the past year, overperforming other healthcare stocks by 5 percentage points.

2. Progyny (NASDAQ:PGNY)

Progyny (NASDAQ:PGNY) is the second 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 -3.87% over the past year, overperforming other healthcare stocks by 6 percentage points.

Progyny has an average 1 year price target of $47.00, an upside of 45.56% from Progyny's current stock price of $32.29.

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.

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 -54.14% over the past year, underperforming other healthcare stocks by -44 percentage points.

Inmode has an average 1 year price target of $27.00, an upside of 56.61% from Inmode's current stock price of $17.24.

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 57.19%, which is 54 percentage points higher than the healthcare sector average of 2.8%.

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 11.27%, which is 8 percentage points higher than the healthcare sector average of 2.8%.

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 7.95%, which is 5 percentage points higher than the healthcare sector average of 2.8%. 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 up?

Healthcare stocks were up 1.29% in the last day, and up 0.91% over the last week. Cytomx Therapeutics was the among the top gainers in the healthcare sector, gaining 214.72% yesterday.

CytomX Therapeutics shares are trading higher after the company announced that it will report Q1 2024 results and provide an initial CX-904 Phase 1a dose escalation update on May 8, 2024.

What are the most undervalued healthcare stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued healthcare stocks right now are:

1. Pacira Biosciences (NASDAQ:PCRX)

Pacira Biosciences (NASDAQ:PCRX) is the 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 -42.17% in the past year. It has underperformed other stocks in the healthcare sector by -32 percentage points.

2. Inmode (NASDAQ:INMD)

Inmode (NASDAQ:INMD) is the second 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 -54.14% in the past year. It has underperformed other stocks in the healthcare sector by -44 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 dropped -5.36% in the past year. It has overperformed other stocks in the healthcare sector by 5 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 37.59% 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 70.86x.

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.