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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
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
CYCN
CYCLERION THERAPEUTICS INC
United States
$8.24M2,710,0969.83%90.17%Net Buying
TRVI
TREVI THERAPEUTICS INC
United States
$197.23M68,960,16722.22%77.78%Net Buying
DTIL
PRECISION BIOSCIENCES INC
United States
$72.48M6,916,23953.63%46.37%Net SellingNet Selling
TERN
TERNS PHARMACEUTICALS INC
United States
$328.43M64,651,69372.52%27.48%Net SellingNet Selling
LSTA
LISATA THERAPEUTICS INC
United States
$23.70M8,307,4330.84%99.16%Net Selling
LFMD
LIFEMD INC
United States
$469.86M40,366,04730.83%53.11%Net Buying
SRTS
SENSUS HEALTHCARE INC
United States
$59.18M16,394,17115.94%32.93%Net Buying
LABP
LANDOS BIOPHARMA INC
United States
$69.48M3,116,7294.53%95.47%
TTNP
TITAN PHARMACEUTICALS INC
United States
$6.13M914,2342.50%97.50%Net Selling
BPMC
BLUEPRINT MEDICINES CORP
United States
$5.81B61,232,29781.64%18.36%Net SellingNet Selling
ICAD
ICAD INC
United States
$37.95M26,540,03024.44%62.73%
CRDF
CARDIFF ONCOLOGY INC
United States
$188.98M44,677,16911.85%34.59%Net Buying
RIGL
RIGEL PHARMACEUTICALS INC
United States
$191.16M175,377,81260.76%15.75%Net SellingNet Selling
DNTH
DIANTHUS THERAPEUTICS INC
United States
$661.18M29,346,76024.91%75.09%Net Buying
TELA
TELA BIO INC
United States
$114.13M24,649,59547.74%52.26%Net SellingNet Selling
IRTC
IRHYTHM TECHNOLOGIES INC
United States
$3.46B30,978,77277.03%22.97%Net SellingNet Selling
DNA
GINKGO BIOWORKS HOLDINGS INC
United States
$1.81B2,152,395,78658.22%13.98%Net SellingNet Selling
LRMR
LARIMAR THERAPEUTICS INC
United States
$468.93M63,800,01742.05%57.95%Net BuyingNet Buying
CLPT
CLEARPOINT NEURO INC
United States
$146.21M26,976,28923.33%25.71%Net SellingNet Selling
PMCB
PHARMACYTE BIOTECH INC
United States
$18.03M8,464,82412.86%13.29%
FDMT
4D MOLECULAR THERAPEUTICS INC
United States
$1.26B49,778,12783.80%16.20%Net BuyingNet Selling
NVNO
ENVVENO MEDICAL CORP
United States
$68.32M13,317,00027.51%72.49%Net BuyingNet Buying
TCRX
TSCAN THERAPEUTICS INC
United States
$412.74M47,882,19666.65%29.73%Net Buying
SNSE
SENSEI BIOTHERAPEUTICS INC
United States
$31.59M25,070,98011.82%71.99%Net SellingNet Selling
OMIC
SINGULAR GENOMICS SYSTEMS INC
United States
$30.09M73,928,55735.41%38.17%Net Selling
TBPH
THERAVANCE BIOPHARMA INC
Cayman Islands
$425.78M48,164,70860.28%39.72%Net SellingNet Selling
HOWL
WEREWOLF THERAPEUTICS INC
United States
$257.28M42,737,19148.08%51.92%
SDGR
SCHRODINGER INC
United States
$1.84B72,679,39077.41%22.59%Net SellingNet Selling
AUGX
AUGMEDIX INC
United States
$123.31M48,739,73932.25%67.75%Net BuyingNet Selling
NURO
NEUROMETRIX INC
United States
$8.82M1,986,5400.64%99.36%Net BuyingNet Selling
IOBT
IO BIOTECH INC
Denmark
$102.12M65,880,91436.62%63.38%Net BuyingNet Selling
ATOS
ATOSSA THERAPEUTICS INC
United States
$191.72M125,304,06412.74%15.22%Net BuyingNet Buying
BOLT
BOLT BIOTHERAPEUTICS INC
United States
$42.70M38,127,74054.74%45.26%Net Selling
RLAY
RELAY THERAPEUTICS INC
United States
$873.65M131,179,03472.37%27.63%Net SellingNet Selling
AVXL
ANAVEX LIFE SCIENCES CORP
United States
$303.00M82,112,51131.49%5.04%Net BuyingNet Buying
CLDX
CELLDEX THERAPEUTICS INC
United States
$2.20B55,900,67982.75%17.25%Net BuyingNet Buying
ATXS
ASTRIA THERAPEUTICS INC
United States
$521.58M54,903,06167.13%25.09%Net BuyingNet Buying
PROF
PROFOUND MEDICAL CORP
Canada
$159.21M21,370,56543.20%0.00%
ABIO
ARCA BIOPHARMA INC
United States
$47.15M14,507,1434.98%95.02%
DMTK
DERMTECH INC
United States
$21.36M34,623,44315.75%77.74%Net SellingNet Selling
TVTX
TRAVERE THERAPEUTICS INC
United States
$456.59M76,098,48559.75%40.25%Net SellingNet Selling
ETNB
89BIO INC
United States
$818.14M93,501,21085.97%14.03%Net BuyingNet Buying
OM
OUTSET MEDICAL INC
United States
$143.94M50,505,68385.44%14.56%Net SellingNet Selling
EVGN
EVOGENE LTD
Israel
$36.22M50,584,5888.48%0.00%
NEO
NEOGENOMICS INC
United States
$1.78B127,711,93072.39%27.61%Net SellingNet Selling
STIM
NEURONETICS INC
United States
$105.78M29,756,05350.13%49.87%Net SellingNet Selling
ELVN
ENLIVEN THERAPEUTICS INC
United States
$748.39M41,347,63246.22%53.78%Net SellingNet Selling
NRC
NATIONAL RESEARCH CORP
United States
$826.32M23,854,42849.73%47.81%Net SellingNet Selling
PULM
PULMATRIX INC
United States
$6.90M3,652,2854.28%95.72%
PACS
PACS GROUP INC
United States
N/A147,773,3860.00%89.85%Net SellingNet Selling
BYSI
BEYONDSPRING INC
United States
$80.40M39,029,16314.01%0.00%
PHAR
PHARMING GROUP NV
Netherlands
$701.27M671,073,2430.00%0.00%
DVAX
DYNAVAX TECHNOLOGIES CORP
United States
$1.53B130,614,77271.63%28.37%Net SellingNet Selling
RXRX
RECURSION PHARMACEUTICALS INC
United States
$1.96B234,653,27275.29%24.71%Net SellingNet Selling
CMAX
CAREMAX INC
United States
$15.06M3,802,88349.20%50.80%
OPTN
OPTINOSE INC
United States
$102.29M112,651,74069.22%30.78%Net SellingNet Selling
OCUL
OCULAR THERAPEUTIX INC
United States
$746.11M148,627,43949.43%21.84%Net BuyingNet Buying
NARI
INARI MEDICAL INC
United States
$2.42B58,138,15978.21%21.79%Net SellingNet Selling
MNKD
MANNKIND CORP
United States
$1.17B270,418,21530.01%69.99%Net BuyingNet Buying
URGN
UROGEN PHARMA LTD
Israel
$491.36M34,122,08762.74%29.32%Net BuyingNet Selling
ICCM
ICECURE MEDICAL LTD
Israel
$53.50M45,729,6840.62%0.00%
GTHX
G1 THERAPEUTICS INC
United States
$215.92M52,281,39124.14%47.00%Net SellingNet Selling
ECOR
ELECTROCORE INC
United States
$36.26M6,002,6287.07%92.93%Net Buying
QIPT
QUIPT HOME MEDICAL CORP
United States
$153.67M42,102,00043.00%0.00%
ADPT
ADAPTIVE BIOTECHNOLOGIES CORP
United States
$404.81M145,092,27162.07%37.93%Net SellingNet Selling
FOLD
AMICUS THERAPEUTICS INC
United States
$3.08B295,382,61466.56%33.44%Net SellingNet Selling
OCGN
OCUGEN INC
United States
$357.68M257,325,26410.16%11.93%Net Selling
EXAS
EXACT SCIENCES CORP
United States
$10.89B181,530,96788.62%3.40%Net SellingNet Selling
AKYA
AKOYA BIOSCIENCES INC
United States
$194.60M49,140,73130.03%52.24%Net BuyingNet Selling
RPTX
REPARE THERAPEUTICS INC
Canada
$139.20M42,182,17761.13%38.87%Net BuyingNet Selling
CANF
CAN-FITE BIOPHARMA LTD
Israel
$8.53M1,359,837,3930.02%0.00%
MRNA
MODERNA INC
United States
$42.59B382,073,20867.30%21.66%Net SellingNet Selling
BFLY
BUTTERFLY NETWORK INC
United States
$165.83M210,707,86637.33%43.56%Net SellingNet Selling
AMWL
AMERICAN WELL CORP
United States
$157.42M296,463,11648.64%9.56%Net SellingNet Selling
TCRT
ALAUNOS THERAPEUTICS INC
United States
$20.66M16,012,47953.36%46.64%Net Selling
BGLC
BIONEXUS GENE LAB CORP
Malaysia
$10.85M17,667,6630.59%97.91%
PNTG
PENNANT GROUP INC
United States
$638.07M30,012,58885.43%8.92%Net BuyingNet Buying
LNSR
LENSAR INC
United States
$34.98M11,395,05632.17%48.15%Net Buying
BLRX
BIOLINERX LTD
Israel
$48.92M1,086,589,1650.10%0.00%
TLPH
TALPHERA INC
United States
$16.97M16,969,1038.65%91.35%Net BuyingNet Buying
AADI
AADI BIOSCIENCE INC
United States
$47.64M24,554,20526.93%73.07%Net SellingNet Selling
SILO
SILO PHARMA INC
United States
$5.23M2,843,6345.65%6.35%Net BuyingNet Buying
BLFS
BIOLIFE SOLUTIONS INC
United States
$791.84M45,300,00058.87%41.13%Net BuyingNet Selling
SYRA
SYRA HEALTH CORP
United States
$14.66M14,064,9210.48%4.93%Net Buying
INVA
INNOVIVA INC
United States
$962.95M63,227,33358.68%41.32%Net BuyingNet Buying
BRTX
BIORESTORATIVE THERAPIES INC
United States
$9.27M6,769,9190.28%99.72%Net BuyingNet Buying
STOK
STOKE THERAPEUTICS INC
United States
$535.27M46,303,74340.29%59.71%Net SellingNet Selling
IMRN
IMMURON LTD
Australia
$14.12M227,798,3460.00%0.00%
HOOK
HOOKIPA PHARMA INC
United States
$88.96M98,950,10735.22%26.83%Net Buying
IPHA
INNATE PHARMA SA
France
$204.35M80,453,2820.16%0.00%
CLLS
CELLECTIS SA
France
$181.96M71,751,20113.68%0.00%
EVH
EVOLENT HEALTH INC
United States
$3.15B115,430,10789.64%10.36%Net SellingNet Selling
ZJYL
JIN MEDICAL INTERNATIONAL LTD
China
$580.80M160,000,0000.00%0.00%
PSTX
POSEIDA THERAPEUTICS INC
United States
$267.27M96,489,12746.85%40.59%Net SellingNet Selling
BNR
BURNING ROCK BIOTECH LTD
China
$76.63M102,440,44819.65%0.00%
OCX
ONCOCYTE CORP
United States
$21.10M8,273,0735.82%94.18%Net BuyingNet Buying
CRVO
CERVOMED INC
United States
$149.14M6,170,4790.47%99.53%
MRVI
MARAVAI LIFESCIENCES HOLDINGS INC
United States
$2.12B251,399,87135.06%64.94%Net SellingNet Selling
RDNT
RADNET INC
United States
$3.45B68,475,44364.36%35.64%Net Selling
LGND
LIGAND PHARMACEUTICALS INC
United States
$1.26B17,705,28714.99%85.01%Net SellingNet Buying
1...456...12

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
682+2.73%+3.18%-7.19%-21.03%7.71x6.02x-68.56%+3.07%+21.74%+84.82%Strong Buy
66+0.70%-0.56%-6.06%-2.35%38.50x4.18x-22.82%+6.39%+10.99%+11.35%Buy
17+0.52%+3.18%-0.94%+13.75%151.40x6.24x+34.95%+8.30%+14.47%+13.15%Buy
90+0.48%+3.46%-1.40%-6.22%32.65x2.12x+11.34%+2.71%+5.06%+33.93%Strong Buy
12-0.30%-2.39%-5.75%-2.55%18.65x2.84x+19.97%+6.14%+14.20%+17.58%Buy
61+0.90%-0.31%-7.89%-25.07%75.21x3.28x+6.22%+2.03%+5.22%+36.70%Buy
51+0.26%-1.00%-5.53%+5.10%-1.05x4.40x-80.36%+6.53%+13.61%+17.61%Buy
154+2.20%+0.21%-4.02%-15.23%30.19x3.68x+10.60%+5.30%+7.71%+21.30%Buy
9-1.68%-1.91%-3.95%+32.84%25.61x124.98x-7.98%+3.49%+19.48%+8.16%Buy
56+0.51%+0.32%-3.15%-12.42%55.14x3.53x+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.