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
BTAI	BIOXCEL THERAPEUTICS INC	NASDAQ	Biotechnology	$78.58M	$2.57	0.39%	-$165.42M	-0.42x	-2.30
XAIR	BEYOND AIR INC	NASDAQ	Medical Devices	$46.85M	$1.30	6.56%	-$62.87M	-0.61x	1.37
GANX	GAIN THERAPEUTICS INC	NASDAQ	Biotechnology	$48.01M	$2.96	1.02%	-$22.10M	-1.73x	0.48
HROW	HARROW INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$367.06M	$10.38	-2.44%	$9.95M	-13.84x	3.42
AHCO	ADAPTHEALTH CORP	NASDAQ	Medical Devices	$1.36B	$10.26	-0.87%	-$177.01M	-2.03x	2.09
SENS	SENSEONICS HOLDINGS INC	NYSEMKT	Medical Devices	$267.99M	$0.51	-2.51%	-$48.01M	-4.59x	1.81
GKOS	GLAUKOS CORP	NYSE	Medical Devices	$5.36B	$106.51	1.41%	-$87.67M	-36.98x	1.07
NEUE	NEUEHEALTH INC	NYSE	Healthcare Plans	$50.34M	$6.25	3.14%	-$1.09B	-0.04x	-1.17
XNCR	XENCOR INC	NASDAQ	Biotechnology	$1.47B	$24.11	2.03%	-$108.78M	-11.59x	0.42
OPT	OPTHEA LTD	NASDAQ	Biotechnology	$199.59M	$3.42	2.95%	-$134.99M	-1.33x	-17.85
CRIS	CURIS INC	NASDAQ	Biotechnology	$96.43M	$16.36	-0.91%	-$45.81M	-1.83x	2.93
SYRE	SPYRE THERAPEUTICS INC	NASDAQ	Biotechnology	$1.29B	$35.78	-1.35%	-$337.85M	-0.73x	0.40
RLYB	RALLYBIO CORP	NASDAQ	Biotechnology	$69.20M	$1.83	0.00%	-$74.41M	-0.99x	0.09
SXTC	CHINA SXT PHARMACEUTICALS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$699.47k	$0.96	-5.32%	-$13.36M	-0.04x	1.87
THAR	THARIMMUNE INC	NASDAQ	Biotechnology	$4.44M	$0.38	0.00%	-$9.30M	-0.05x	0.20
AWH	ASPIRA WOMEN's HEALTH INC	NASDAQ	Diagnostics & Research	$39.62M	$3.21	-0.09%	-$16.50M	-1.77x	-3.65
BFRG	BULLFROG AI HOLDINGS INC	NASDAQ	Health Information Services	$24.49M	$3.12	0.32%	-$5.28M	-3.51x	0.07
CYCC	CYCLACEL PHARMACEUTICALS INC	NASDAQ	Biotechnology	$2.64M	$2.00	-19.68%	-$25.52M	-0.07x	13.51
ZIMV	ZIMVIE INC	NASDAQ	Medical Devices	$427.92M	$15.80	-0.19%	-$246.16M	-1.06x	1.94
CTNM	CONTINEUM THERAPEUTICS INC	NASDAQ	Biotechnology	N/A	$14.09	-5.44%	$4.96M	10.36x	-0.08
BCAB	BIOATLA INC	NASDAQ	Biotechnology	$156.31M	$3.25	2.85%	-$122.24M	-1.26x	0.69
BBLG	BONE BIOLOGICS CORP	NASDAQ	Medical Devices	$988.34k	$1.85	0.16%	-$8.95M	-0.05x	0.29
NOTV	INOTIV INC	NASDAQ	Diagnostics & Research	$110.13M	$4.27	2.64%	$59.57M	-3.28x	2.29
KPTI	KARYOPHARM THERAPEUTICS INC	NASDAQ	Biotechnology	$130.03M	$1.13	4.63%	-$118.42M	-0.90x	-2.77
SLDB	SOLID BIOSCIENCES INC	NASDAQ	Biotechnology	$381.34M	$10.10	-1.27%	-$93.43M	-2.09x	0.30
INGN	INOGEN INC	NASDAQ	Medical Devices	$166.79M	$7.15	1.71%	-$84.19M	-1.62x	0.59
ALLK	ALLAKOS INC	NASDAQ	Biotechnology	$101.93M	$1.16	5.45%	-$188.42M	-0.54x	0.44
RVNC	REVANCE THERAPEUTICS INC	NASDAQ	Biotechnology	$348.45M	$3.95	4.77%	-$290.64M	-1.03x	-4.16
PEPG	PEPGEN INC	NASDAQ	Biotechnology	$459.43M	$14.20	-2.00%	-$77.37M	-4.30x	0.32
AZTR	AZITRA INC	NYSEMKT	Biotechnology	$6.51M	$0.23	2.73%	-$10.67M	-0.12x	0.76
BIO	BIO-RAD LABORATORIES INC	NYSE	Medical Devices	$7.98B	$279.83	0.19%	-$800.67M	-12.82x	0.41
TIVC	TIVIC HEALTH SYSTEMS INC	NASDAQ	Medical Devices	$1.53M	$1.05	-2.24%	-$8.06M	-0.10x	0.44
GNTA	GENENTA SCIENCE SPA	NASDAQ	Biotechnology	$63.27M	$3.47	4.92%	-$12.28M	-4.99x	0.09
EDSA	EDESA BIOTECH INC	NASDAQ	Biotechnology	$14.69M	$4.63	1.71%	-$7.52M	-1.76x	0.34
ELEV	ELEVATION ONCOLOGY INC	NASDAQ	Biotechnology	$202.16M	$3.70	-3.14%	-$39.39M	-3.78x	0.44
ENLV	ENLIVEX THERAPEUTICS LTD	NASDAQ	Biotechnology	$30.13M	$1.62	0.00%	-$28.56M	-1.04x	0.22
ENVB	ENVERIC BIOSCIENCES INC	NASDAQ	Biotechnology	$7.15M	$0.98	5.95%	-$16.86M	-0.12x	1.20
THMO	THERMOGENESIS HOLDINGS INC	NASDAQ	Medical Devices	$5.52M	$0.69	0.43%	-$6.80M	-0.09x	-8.89
HUGE	FSD PHARMA INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$14.57M	$0.37	0.54%	-$11.32M	-1.09x	0.35
ATNM	ACTINIUM PHARMACEUTICALS INC	NYSEMKT	Biotechnology	$266.86M	$8.96	2.40%	-$45.63M	-5.24x	1.02
MGRX	MANGOCEUTICALS INC	NASDAQ	Health Information Services	$6.24M	$0.26	1.54%	-$9.19M	-0.46x	0.36
SHCR	SHARECARE INC	NASDAQ	Health Information Services	$267.14M	$0.75	0.40%	-$62.58M	-2.07x	0.29
CDXS	CODEXIS INC	NASDAQ	Biotechnology	$276.59M	$3.92	17.37%	-$55.83M	-4.22x	0.89
DYN	DYNE THERAPEUTICS INC	NASDAQ	Biotechnology	$2.28B	$26.08	0.31%	-$255.00M	-6.57x	0.09
GNPX	GENPREX INC	NASDAQ	Biotechnology	$4.66M	$2.44	3.39%	-$30.85M	-0.11x	0.44
AMRN	AMARIN CORP PLC	NASDAQ	Drug Manufacturers - General	$373.89M	$0.91	-0.87%	-$46.02M	-7.00x	0.45
NDRA	ENDRA LIFE SCIENCES INC	NASDAQ	Diagnostics & Research	$3.61M	$0.33	-1.51%	-$9.78M	-0.21x	0.19
APYX	APYX MEDICAL CORP	NASDAQ	Medical Devices	$48.85M	$1.41	-0.70%	-$17.89M	-2.61x	1.96
PHVS	PHARVARIS NV	NASDAQ	Biotechnology	$1.18B	$22.60	-3.95%	-$103.93M	-7.99x	0.04
APM	APTORUM GROUP LTD	NASDAQ	Biotechnology	$28.91M	$5.58	3.14%	-$1.33M	-9.00x	0.21
MGTX	MEIRAGTX HOLDINGS PLC	NASDAQ	Biotechnology	$321.09M	$5.00	0.20%	-$57.05M	-3.36x	1.37
XFOR	X4 PHARMACEUTICALS INC	NASDAQ	Biotechnology	$193.13M	$1.15	6.48%	-$93.32M	-2.02x	1.88
HLVX	HILLEVAX INC	NASDAQ	Biotechnology	$676.43M	$13.61	-2.92%	-$119.02M	-4.48x	0.30
APGE	APOGEE THERAPEUTICS INC	NASDAQ	Biotechnology	$2.75B	$54.19	3.81%	-$83.90M	-16.13x	0.06
TLSA	TIZIANA LIFE SCIENCES LTD	NASDAQ	Biotechnology	$76.19M	$0.75	5.67%	-$15.34M	-4.97x	0.35
OMCL	OMNICELL INC	NASDAQ	Health Information Services	$1.38B	$30.13	2.87%	$60.69M	-66.96x	0.87
MLYS	MINERALYS THERAPEUTICS INC	NASDAQ	Biotechnology	$642.72M	$12.95	-1.07%	-$71.90M	-6.51x	0.04
SLN	SILENCE THERAPEUTICS PLC	NASDAQ	Biotechnology	$870.28M	$21.99	3.24%	-$60.37M	N/A	4.50
OPK	OPKO HEALTH INC	NASDAQ	Diagnostics & Research	$906.09M	$1.30	0.00%	-$65.62M	-5.20x	0.45
APLT	APPLIED THERAPEUTICS INC	NASDAQ	Biotechnology	$504.02M	$4.76	5.08%	-$119.41M	-3.35x	-4.20
GTBP	GT BIOPHARMA INC	NASDAQ	Biotechnology	$4.56M	$3.30	3.29%	-$7.38M	-0.59x	0.89
PDSB	PDS BIOTECHNOLOGY CORP	NASDAQ	Biotechnology	$140.11M	$3.82	2.41%	-$42.87M	-2.75x	1.27
CAPR	CAPRICOR THERAPEUTICS INC	NASDAQ	Biotechnology	$171.76M	$5.47	4.39%	-$21.22M	-6.59x	1.60
TSHA	TAYSHA GENE THERAPIES INC	NASDAQ	Biotechnology	$480.64M	$2.57	-0.39%	-$104.02M	-2.68x	1.31
VIRI	VIRIOS THERAPEUTICS INC	NASDAQ	Biotechnology	$7.92M	$0.41	-2.38%	-$5.30M	-1.47x	0.09
BMEA	BIOMEA FUSION INC	NASDAQ	Biotechnology	$443.92M	$12.35	3.52%	-$122.55M	-3.46x	0.25
ONCY	ONCOLYTICS BIOTECH INC	NASDAQ	Biotechnology	$87.08M	$1.17	0.00%	-$20.04M	-3.89x	0.41
PXDT	PIXIE DUST TECHNOLOGIES INC	NASDAQ	Medical Devices	$37.05M	$2.52	0.92%	-$13.79M	-1.62x	0.83
VTYX	VENTYX BIOSCIENCES INC	NASDAQ	Biotechnology	$287.37M	$4.85	-1.22%	-$192.02M	-1.47x	0.14
GLSI	GREENWICH LIFESCIENCES INC	NASDAQ	Biotechnology	$185.32M	$14.39	2.86%	-$8.89M	-20.86x	0.04
AFIB	ACUTUS MEDICAL INC	NASDAQ	Medical Devices	$4.31M	$0.15	-5.23%	-$75.07M	-0.05x	-62.39
MBRX	MOLECULIN BIOTECH INC	NASDAQ	Biotechnology	$11.18M	$5.02	-2.52%	-$29.64M	-0.33x	0.47
VIRX	VIRACTA THERAPEUTICS INC	NASDAQ	Biotechnology	$31.81M	$0.81	-3.57%	-$46.86M	-0.61x	2.10
XYLO	XYLO TECHNOLOGIES LTD	NASDAQ	Medical Devices	$2.85M	$1.52	-11.11%	-$16.10M	-0.16x	1.33
IMMX	IMMIX BIOPHARMA INC	NASDAQ	Biotechnology	$62.03M	$2.35	1.73%	-$15.39M	-2.64x	0.23
RPHM	RENEO PHARMACEUTICALS INC	NASDAQ	Biotechnology	$58.15M	$1.74	0.58%	-$76.86M	-0.69x	0.21
TNYA	TENAYA THERAPEUTICS INC	NASDAQ	Biotechnology	$367.46M	$4.68	1.30%	-$112.27M	-2.79x	0.22
CMND	CLEARMIND MEDICINE INC	NASDAQ	Biotechnology	$3.77M	$1.19	1.71%	-$7.85M	-0.04x	1.00
SLRX	SALARIUS PHARMACEUTICALS INC	NASDAQ	Biotechnology	$2.16M	$0.50	-5.11%	-$12.53M	-0.13x	0.25
CMMB	CHEMOMAB THERAPEUTICS LTD	NASDAQ	Biotechnology	$10.51M	$0.74	0.68%	-$24.15M	-0.36x	0.30
BLTE	BELITE BIO INC	NASDAQ	Biotechnology	$1.26B	$43.20	5.11%	-$31.20M	-36.30x	0.05
COSM	COSMOS HEALTH INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$9.11M	$0.68	0.59%	-$12.79M	-0.16x	0.61
SONN	SONNET BIOTHERAPEUTICS HOLDINGS INC	NASDAQ	Biotechnology	$5.71M	$1.86	-3.13%	-$14.38M	-0.19x	1.08
BLCO	BAUSCH & LOMB CORP	NYSE	Medical Instruments & Supplies	$4.78B	$13.60	-1.88%	$518.00M	-14.17x	0.99
BKD	BROOKDALE SENIOR LIVING INC	NYSE	Medical Care Facilities	$1.42B	$7.49	4.17%	$401.90M	-8.92x	12.80
PROK	PROKIDNEY CORP	NASDAQ	Biotechnology	$504.56M	$2.20	2.33%	-$25.61M	-3.86x	-0.03
VNRX	VOLITIONRX LTD	NYSEMKT	Diagnostics & Research	$73.12M	$0.89	1.48%	-$33.68M	-1.78x	-4.70
TOVX	THERIVA BIOLOGICS INC	NYSEMKT	Biotechnology	$6.91M	$0.40	-3.59%	-$19.47M	-0.35x	0.42
SNGX	SOLIGENIX INC	NASDAQ	Biotechnology	$4.26M	$0.41	0.00%	-$7.74M	-0.51x	2.88
REVB	REVELATION BIOSCIENCES INC	NASDAQ	Biotechnology	$3.87M	$2.37	0.85%	-$95.21k	-4.47x	0.84
PIRS	PIERIS PHARMACEUTICALS INC	NASDAQ	Biotechnology	$13.70M	$11.08	-1.42%	-$22.76M	-0.51x	0.45
BHVN	BIOHAVEN LTD	NYSE	Biotechnology	$3.32B	$40.69	1.98%	-$402.64M	-7.10x	0.20
MDXH	MDXHEALTH SA	NASDAQ	Diagnostics & Research	$8.57M	$3.14	5.72%	-$21.40M	-0.23x	-126.12
INBX	INHIBRX INC	NASDAQ	Biotechnology	$1.62B	$34.15	0.41%	-$206.56M	-6.67x	6.08
FRES	FRESH2 GROUP LTD	NASDAQ	Biotechnology	$4.50M	$0.50	-0.20%	N/A	-0.15x	0.72
FHTX	FOGHORN THERAPEUTICS INC	NASDAQ	Biotechnology	$254.97M	$5.99	-1.96%	-$85.54M	-2.56x	-4.70
EBS	EMERGENT BIOSOLUTIONS INC	NYSE	Drug Manufacturers - Specialty & Generic	$203.84M	$3.89	17.88%	-$345.80M	-0.36x	1.72
BDRX	BIODEXA PHARMACEUTICALS PLC	NASDAQ	Biotechnology	$6.02M	$1.18	-4.84%	-$8.84M	-0.12x	1.25
CGTX	COGNITION THERAPEUTICS INC	NASDAQ	Biotechnology	$75.27M	$1.93	-2.53%	-$25.51M	-2.24x	0.44
CRDL	CARDIOL THERAPEUTICS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$130.05M	$1.99	0.51%	-$20.50M	-6.14x	0.30

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.