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 Technicals

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
MMA	ALTA GLOBAL GROUP LTD	N/A	N/A	N/A	77.57%	N/A	-0.55	0.22	85.00%	-1,340.30%	-1,049.23%
RANI	RANI THERAPEUTICS HOLDINGS INC	$263.19M	-213.70%	-49.90%	-69.53%	-33.60%	5.27	3.10	N/A	N/A	N/A
TEVA	TEVA PHARMACEUTICAL INDUSTRIES LTD	$18.45B	-6.90%	-1.20%	1.78%	2.00%	4.84	0.89	49.00%	-3.10%	3.22%
CADL	CANDEL THERAPEUTICS INC	$342.06M	-206.10%	-82.50%	-196.45%	-206.40%	4.22	2.01	N/A	N/A	N/A
APTO	APTOSE BIOSCIENCES INC	$19.25M	-1,003.70%	-257.60%	-7,179.76%	1,258.40%	92.40	0.97	N/A	N/A	N/A
MTEM	MOLECULAR TEMPLATES INC	$9.55M	-896.90%	-51.80%	-92.34%	-99.40%	3.62	1.25	100.00%	-57.90%	-53.89%
BIOL	BIOLASE INC	$5.31M	-3,206.60%	-103.50%	-145.54%	-84.70%	-17.62	1.17	34.30%	-78.30%	-38.53%
DRMA	DERMATA THERAPEUTICS INC	$1.87M	-141.30%	-119.00%	N/A	-1,779.70%	0.36	N/A	N/A	N/A	N/A
ELTX	ELICIO THERAPEUTICS INC	$103.22M	-293.80%	-129.70%	-206.38%	-310.60%	4.03	2.37	N/A	N/A	N/A
CTNM	CONTINEUM THERAPEUTICS INC	$398.71M	N/A	N/A	N/A	N/A	-0.09	19.20	N/A	N/A	N/A
MYMD	MYMD PHARMACEUTICALS INC	$5.42M	-144.60%	-88.40%	-116.80%	-283.50%	0.43	0.62	N/A	N/A	N/A
ELAN	ELANCO ANIMAL HEALTH INC	$8.49B	-20.20%	-8.90%	-7.91%	-10.90%	1.32	3.29	55.30%	-29.80%	-23.18%
EHAB	ENHABIT INC	$413.78M	-12.30%	-5.80%	-3.89%	-6.90%	1.10	1.50	48.50%	-8.00%	-4.83%
ITRM	ITERUM THERAPEUTICS PLC	$23.34M	N/A	-104.20%	-1,831.19%	-99.20%	-4.19	1.07	N/A	N/A	N/A
RENB	RENOVARO INC	$143.08M	-70.60%	-55.90%	-27.70%	1,151.60%	0.26	0.06	N/A	N/A	N/A
YS	YS BIOPHARMA CO LTD	$91.01M	N/A	N/A	N/A	N/A	2.18	0.94	N/A	N/A	N/A
RNXT	RENOVORX INC	$32.81M	N/A	-200.20%	-214.97%	751.60%	1.71	4.38	N/A	N/A	N/A
AONC	AMERICAN ONCOLOGY NETWORK INC	$110.68M	N/A	N/A	N/A	N/A	-2.19	1.39	N/A	N/A	N/A
ZVSA	ZYVERSA THERAPEUTICS INC	$3.75M	-680.10%	-388.70%	-878.26%	-709.40%	0.93	0.30	N/A	N/A	N/A
VERO	VENUS CONCEPT INC	$3.95M	N/A	-39.00%	-55.01%	-23.00%	-4.64	2.06	68.40%	-51.00%	-41.75%
CPHI	CHINA PHARMA HOLDINGS INC	$5.21M	-54.30%	-22.30%	-31.18%	-32.70%	0.95	0.90	-11.70%	-55.40%	-50.81%
EFTR	EFFECTOR THERAPEUTICS INC	$9.13M	N/A	-146.20%	-2,026.38%	-465.30%	31.81	1.03	N/A	N/A	N/A
ENGN	ENGENE HOLDINGS INC	$565.69M	N/A	N/A	N/A	N/A	0.50	12.97	N/A	N/A	N/A
GRTX	GALERA THERAPEUTICS INC	$10.66M	N/A	-138.80%	-218.63%	-1,450.40%	-1.15	7.54	N/A	N/A	N/A
AXDX	ACCELERATE DIAGNOSTICS INC	$19.45M	N/A	-156.10%	-338.84%	-182.80%	-2.19	1.50	18.60%	-485.30%	-406.31%
ISPC	ISPECIMEN INC	$2.40M	-105.30%	-74.40%	-169.57%	-539.00%	0.84	0.93	49.60%	-124.80%	-124.65%
KA	KINETA INC	$5.54M	-1,066.90%	-174.80%	287.71%	773.90%	-1.36	0.25	100.00%	-346.60%	-339.66%
NUWE	NUWELLIS INC	$4.68M	-349.90%	-183.60%	-622.62%	-439.90%	6.53	1.20	57.40%	-224.10%	-163.72%
SHPH	SHUTTLE PHARMACEUTICALS HOLDINGS INC	$6.73M	-151.80%	-109.20%	-152.04%	-142.90%	0.72	2.96	N/A	N/A	N/A
OPGN	OPGEN INC	$4.61M	-398.10%	-112.70%	-420.74%	-170.50%	5.78	0.28	6.60%	-852.10%	-776.03%
SOLV	SOLVENTUM CORP	$10.77B	N/A	N/A	N/A	N/A	2.82	1.81	N/A	N/A	N/A
BTSG	BRIGHTSPRING HEALTH SERVICES INC	$1.97B	N/A	N/A	N/A	N/A	2.60	1.26	N/A	N/A	N/A
PMN	PROMIS NEUROSCIENCES INC	$34.98M	-2,311.80%	-130.10%	-1,286.59%	170.30%	45.02	1.34	N/A	N/A	N/A
ANVS	ANNOVIS BIO INC	$92.83M	-1,166.80%	-372.40%	-1,615.00%	-3,586.10%	-3.33	1.60	N/A	N/A	N/A
NRSN	NEUROSENSE THERAPEUTICS LTD	$18.61M	N/A	-207.30%	3,205.30%	762.10%	-2.70	0.84	N/A	N/A	N/A
AMRX	AMNEAL PHARMACEUTICALS INC	$2.11B	-111.50%	-4.70%	2.76%	1.80%	-55.24	1.65	35.30%	-6.80%	2.90%
HCWB	HCW BIOLOGICS INC	$41.61M	-146.80%	-81.70%	-159.87%	-105.80%	2.48	0.46	100.00%	-2,356.10%	-2,339.81%
COCH	ENVOY MEDICAL INC	$60.96M	N/A	-111.10%	-1,549.93%	-294.50%	-2.14	1.11	-206.10%	-7,924.90%	-7,744.44%
MOVE	MOVANO INC	$41.66M	-565.40%	-261.30%	1,946.09%	1,090.50%	-4.47	0.68	-42.60%	-3,275.50%	-3,275.47%
CNTG	CENTOGENE NV	$10.21M	N/A	-42.10%	-80.20%	-31.30%	-4.05	1.02	35.50%	-73.80%	-55.83%
CNSP	CNS PHARMACEUTICALS INC	$2.57M	N/A	-575.40%	393.84%	499.30%	-1.38	0.26	N/A	N/A	N/A
WINT	WINDTREE THERAPEUTICS INC	$2.66M	-62.90%	-17.10%	-23.08%	-668.70%	0.95	0.67	N/A	N/A	N/A
NRXP	NRX PHARMACEUTICALS INC	$37.88M	N/A	-233.00%	167.82%	375.90%	-1.25	0.18	N/A	N/A	N/A
ALZN	ALZAMEND NEURO INC	$4.35M	N/A	-481.20%	407.14%	490.20%	-1.07	0.16	N/A	N/A	N/A
TTOO	T2 BIOSYSTEMS INC	$49.59M	N/A	-130.50%	129.03%	-328.50%	-1.66	0.28	-117.00%	-636.10%	-566.42%
LIFW	MSP RECOVERY INC	$107.43M	-29.50%	-2.20%	9.29%	44.90%	6.83	0.23	-4,913.20%	-724.10%	2,825.85%
BPTH	BIO-PATH HOLDINGS INC	$3.54M	-1,037.30%	-337.80%	683.07%	-3,715.80%	-1.67	0.43	N/A	N/A	N/A
QLGN	QUALIGEN THERAPEUTICS INC	$1.85M	-1,698.70%	-151.60%	565.58%	1,134.00%	-1.97	0.28	N/A	N/A	N/A
ARMP	ARMATA PHARMACEUTICALS INC	$93.64M	N/A	-73.60%	-728.64%	-52.00%	-3.13	0.38	100.00%	-1,693.50%	-1,598.85%
AGEN	AGENUS INC	$228.05M	N/A	-74.30%	-23,086.89%	-267.60%	-2.22	0.24	99.40%	-148.40%	-79.67%
IVA	INVENTIVA SA	$197.73M	-1,642.80%	-119.00%	-530.52%	-232.90%	-3.17	0.96	100.00%	-476.70%	-444.40%
CERO	CERO THERAPEUTICS HOLDINGS INC	$16.57M	N/A	N/A	N/A	N/A	-3.28	0.47	N/A	N/A	N/A
BCTX	BRIACELL THERAPEUTICS CORP	$22.21M	N/A	-57.70%	-207.41%	-731.90%	-2.55	2.99	N/A	N/A	N/A
ONCO	ONCONETIX INC	$3.48M	-400.10%	-89.30%	-52.26%	2,556.90%	-3.91	0.34	-1,927.90%	-63,986.50%	-62,859.25%
MDAI	SPECTRAL AI INC	$30.59M	-2,188.30%	-158.80%	1,011.05%	531.10%	-8.64	0.85	44.80%	-105.90%	-106.22%
OTLK	OUTLOOK THERAPEUTICS INC	$182.10M	N/A	-404.20%	-3,171.44%	26,702.20%	-1.44	1.07	N/A	N/A	N/A
MAIA	MAIA BIOTECHNOLOGY INC	$72.28M	-2,189.20%	-282.80%	-622.90%	659.50%	-2.51	1.77	N/A	N/A	N/A
PACS	PACS GROUP INC	$4.17B	N/A	N/A	N/A	N/A	29.16	1.57	N/A	N/A	N/A
CDT	CONDUIT PHARMACEUTICALS INC	$219.27M	N/A	-38.00%	-68.53%	-149.20%	-2.59	1.59	N/A	N/A	N/A
FBLG	FIBROBIOLOGICS INC	$371.36M	N/A	N/A	N/A	N/A	-3.95	0.64	N/A	N/A	N/A
OKYO	OKYO PHARMA LTD	$38.84M	-2,968.50%	-279.30%	642.26%	725.20%	-3.53	0.72	N/A	N/A	N/A
ONMD	ONEMEDNET CORP	$11.09M	N/A	-147.10%	181.54%	-156.40%	-1.04	0.03	-12.50%	-2,271.40%	-2,198.03%
ALLR	ALLARITY THERAPEUTICS INC	$11.25M	N/A	-163.80%	195.48%	107.80%	-2.85	0.13	N/A	N/A	N/A
ICU	SEASTAR MEDICAL HOLDING CORP	$29.11M	N/A	-850.50%	1,723.06%	1,892.40%	-2.73	0.68	N/A	N/A	N/A
AKTX	AKARI THERAPEUTICS PLC	$24.09M	N/A	N/A	N/A	N/A	-1.78	0.44	N/A	N/A	N/A
LSDI	LUCY SCIENTIFIC DISCOVERY INC	$2.58M	-336.90%	-157.30%	-1,229.66%	-274.90%	51.82	0.38	50.00%	-67,538.20%	-58,831.97%
AMIX	AUTONOMIX MEDICAL INC	$46.98M	N/A	N/A	N/A	N/A	-1.32	1.73	N/A	N/A	N/A
HCTI	HEALTHCARE TRIANGLE INC	$3.61M	-205.50%	-83.00%	-588.58%	-491.90%	17.68	0.71	20.40%	-37.20%	-34.14%
BGXX	BRIGHT GREEN CORP	$43.74M	-101.70%	-57.80%	-117.56%	-85.10%	0.59	0.04	N/A	N/A	N/A
BOLD	BOUNDLESS BIO INC	$215.20M	N/A	N/A	N/A	N/A	-1.83	10.54	N/A	N/A	N/A
XFOR	X4 PHARMACEUTICALS INC	$155.85M	-275.40%	-85.10%	-137.95%	-215.80%	107.28	3.71	N/A	N/A	N/A
GALT	GALECTIN THERAPEUTICS INC	$200.74M	N/A	-185.90%	-311.25%	-70.00%	-1.33	2.02	N/A	N/A	N/A
CUTR	CUTERA INC	$44.56M	N/A	-38.80%	-60.41%	-23.70%	-2.62	3.24	16.40%	-80.10%	-73.51%
VINC	VINCERX PHARMA INC	$20.41M	-303.10%	-168.40%	-8,517.82%	-562.90%	-18.82	0.72	N/A	N/A	N/A
ERNA	ETERNA THERAPEUTICS INC	$10.82M	-1,466.80%	-46.30%	-51.33%	-29.90%	-15.55	0.79	-114.80%	-19,926.10%	-18,698.26%
AEON	AEON BIOPHARMA INC	$59.86M	N/A	-2,615.70%	5,221.70%	-3,374.20%	-1.05	0.48	N/A	N/A	N/A
ALUR	ALLURION TECHNOLOGIES INC	$84.87M	N/A	-76.40%	748.50%	-107.80%	-1.91	0.81	76.30%	-119.30%	-95.64%
BCLI	BRAINSTORM CELL THERAPEUTICS INC	$36.44M	N/A	-327.30%	430.52%	1,217.60%	-1.60	0.18	N/A	N/A	N/A
RVPH	REVIVA PHARMACEUTICALS HOLDINGS INC	$46.62M	N/A	-294.70%	4,025.64%	319.50%	-11.03	N/A	N/A	N/A	N/A
CLDI	CALIDI BIOTHERAPEUTICS INC	$11.61M	N/A	-259.60%	387.07%	-1,006.90%	-1.51	0.13	N/A	N/A	N/A
NIVF	NEWGENIVF GROUP LTD	$9.36M	N/A	-2.00%	-3.62%	-2.20%	-1.01	0.02	N/A	N/A	N/A
NKGN	NKGEN BIOTECH INC	$25.54M	N/A	-139.10%	357.85%	-172.70%	-1.28	0.05	N/A	N/A	N/A
OCEA	OCEAN BIOMEDICAL INC	$60.10M	N/A	-808.60%	326.40%	2,342.80%	-1.01	0.03	N/A	N/A	N/A
PBM	PSYENCE BIOMEDICAL LTD	$11.65M	-10.10%	2.00%	-43.33%	2.50%	-1.79	0.01	N/A	N/A	N/A
DHAI	DIH HOLDING US INC	$65.68M	-6.50%	0.50%	1.18%	0.50%	-1.00	0.00	N/A	N/A	N/A
NUVO	LAMF GLOBAL VENTURES CORP I	$23.80M	N/A	N/A	N/A	N/A	-0.58	0.05	-8.50%	N/A	N/A
INKT	MINK THERAPEUTICS INC	$35.07M	N/A	-265.40%	488.46%	233.00%	-1.34	0.54	N/A	N/A	N/A
TVGN	TEVOGEN BIO HOLDINGS INC	$134.98M	N/A	-288.80%	74.11%	-266.60%	-1.06	0.02	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	679	-0.70%	+1.84%	+3.96%	-19.69%	8.47x	6.01x	+18.62%	+3.83%	-27.52%	+77.73%	Strong Buy
Diagnostics & Research	64	-0.44%	+1.56%	+12.99%	+11.25%	38.96x	4.47x	-13.18%	+6.48%	+11.49%	+5.02%	Buy
Drug Manufacturers - General	18	-0.03%	+1.66%	+7.51%	+18.11%	31.85x	6.42x	+33.60%	+8.10%	+14.22%	+11.01%	Buy
Drug Manufacturers - Specialty & Generic	87	-0.75%	+1.10%	+5.60%	-1.99%	-1.01x	2.20x	+12.36%	+3.36%	+6.05%	+32.29%	Strong Buy
Healthcare Plans	12	+0.52%	+1.22%	+4.66%	+4.46%	25.53x	3.07x	+15.18%	+4.74%	+11.78%	+11.78%	Buy
Health Information Services	61	+0.25%	+2.04%	-0.03%	-19.66%	9.15x	3.33x	+6.71%	+2.23%	+5.33%	+26.88%	Buy
Medical Care Facilities	51	-0.09%	+0.01%	+4.96%	+11.10%	39.23x	4.59x	-92.23%	+6.58%	+13.66%	+15.22%	Buy
Medical Devices	150	-0.35%	+1.37%	+2.08%	-13.46%	30.60x	4.00x	+7.35%	+5.26%	+8.26%	+19.86%	Buy
Medical Distribution	10	+0.87%	+0.34%	+1.16%	+26.37%	26.84x	107.17x	-11.87%	+3.44%	+19.58%	+10.98%	Buy
Medical Instruments & Supplies	56	+0.16%	+1.85%	+6.62%	-5.76%	59.83x	3.64x	+11.25%	+7.73%	+10.05%	+18.23%	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 -42.43% over the past year, underperforming other healthcare stocks by -37 percentage points.

Cross Country Healthcare has an average 1 year price target of $19.50, an upside of 33.84% from Cross Country Healthcare's current stock price of $14.57.

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. Corcept Therapeutics (NASDAQ:CORT)

Corcept Therapeutics (NASDAQ:CORT) is the second best healthcare stock with a Zen Score of 67, which is 43 points higher than the healthcare sector average of 24. It passed 22 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 14.93% over the past year, overperforming other healthcare stocks by 21 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 44.77% from Corcept Therapeutics's current stock price of $28.09.

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.

3. Kamada (NASDAQ:KMDA)

Kamada (NASDAQ:KMDA) is the third best healthcare stock with a Zen Score of 65, which is 41 points higher than the healthcare sector average of 24. It passed 20 out of 33 due diligence checks and has strong fundamentals. Kamada has seen its stock return 12.82% over the past year, overperforming other healthcare stocks by 19 percentage points.

Kamada has an average 1 year price target of $11.00, an upside of 104.84% from Kamada's current stock price of $5.37.

Kamada stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Kamada, 0% have issued a Strong Buy rating, 100% 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 8.1%, which is 6 percentage points higher than the healthcare sector average of 2.05%. 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. Spok Holdings (NASDAQ:SPOK)

Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 7.93%, which is 6 percentage points higher than the healthcare sector average of 2.05%. 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.

3. Siga Technologies (NASDAQ:SIGA)

Siga Technologies (NASDAQ:SIGA) has an annual dividend yield of 7.88%, which is 6 percentage points higher than the healthcare sector average of 2.05%.

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

Why are healthcare stocks down?

Healthcare stocks were down -0.28% in the last day, and up 1.47% over the last week. Heart Test Laboratories was the among the top losers in the healthcare sector, dropping -38.37% yesterday.

Heart Test Laboratories shares are trading lower after the company's 1-for-100 reverse stock split began trading on a split-adjusted basis.

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 -44.03% 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 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 -23.81% in the past year. It has underperformed other stocks in the healthcare sector by -18 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 84 points higher than the healthcare sector average of 16. It passed 7 out of 7 valuation due diligence checks.

Cross Country Healthcare's stock has dropped -42.43% in the past year. It has underperformed other stocks in the healthcare sector by -37 percentage points.

Are healthcare stocks a good buy now?

50.29% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 32.6% 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 27.53x.

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