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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
HOTH
HOTH THERAPEUTICS INC
$5.77M-83.00%-73.30%-98.10%1,131.50%0.0813.14N/AN/AN/A
MBRX
MOLECULIN BIOTECH INC
$11.74M-87.20%-68.90%-105.45%1,539.20%0.433.51N/AN/AN/A
DSGN
DESIGN THERAPEUTICS INC
$249.14M-20.80%-19.90%-21.59%-22.50%0.0338.61N/AN/AN/A
KPTI
KARYOPHARM THERAPEUTICS INC
$135.37MN/A-57.80%-87.73%-38.90%-2.213.0496.10%-104.20%-86.89%
LBPH
LONGBOARD PHARMACEUTICALS INC
$804.43M-49.90%-46.00%-18.26%-64.00%0.0431.43N/AN/AN/A
NXGL
NEXGEL INC
$14.73M-59.80%-31.30%-40.08%-46.80%1.081.9620.10%-67.50%-66.87%
CMAX
CAREMAX INC
$10.99M-209.50%-74.80%-543.53%-107.40%29.100.31-0.20%-79.60%-71.83%
CMPS
COMPASS PATHWAYS PLC
$536.11M-57.20%-47.30%-43.26%-180.80%0.1915.23N/AN/AN/A
NUVL
NUVALENT INC
$4.58B-26.50%-25.20%-21.50%-36.30%0.0520.93N/AN/AN/A
IGC
IGC PHARMA INC
$35.69M-110.40%-93.30%-151.72%-146.30%0.241.8551.40%-1,163.20%-1,163.24%
ABUS
ARBUTUS BIOPHARMA CORP
$562.38M-62.70%-47.20%-56.99%-68.30%0.316.70100.00%-572.80%-570.46%
DMTK
DERMTECH INC
$17.45M-138.80%-69.00%-99.09%-68.20%1.583.538.50%-572.20%-572.19%
MLSS
MILESTONE SCIENTIFIC INC
$52.67M-92.10%-63.50%-93.76%-149.10%0.522.9769.40%-74.50%-76.31%
AEZS
AETERNA ZENTARIS INC
$10.34M-63.20%-37.30%-50.97%2,552.40%1.038.0195.10%-368.00%-367.99%
HCAT
HEALTH CATALYST INC
$410.29M-28.20%-14.90%-18.65%-23.50%0.954.3144.60%-35.60%-37.89%
ABVX
ABIVAX SA
$858.35M-145.40%-73.40%-46.64%-251.90%0.674.08100.00%-3,197.10%-2,593.92%
GTBP
GT BIOPHARMA INC
$4.42M-111.50%-66.10%-181.38%-133.00%0.872.15N/AN/AN/A
RCM
R1 RCM INC
$5.24B-1.20%-0.60%2.26%4.90%1.051.7920.80%-1.40%5.28%
ENTA
ENANTA PHARMACEUTICALS INC
$256.91M-64.90%-29.30%-33.08%-34.50%1.496.43100.00%-180.80%-162.95%
PIRS
PIERIS PHARMACEUTICALS INC
$14.48M-54.30%-30.20%-73.99%-153.70%0.343.92100.00%-39.70%-39.71%
XGN
EXAGEN INC
$32.66M-75.90%-33.30%-40.65%-41.50%1.544.8358.80%-34.70%-30.65%
RBOT
VICARIOUS SURGICAL INC
$62.12M-66.90%-53.00%-61.00%-79.60%0.2517.16N/AN/AN/A
AVNS
AVANOS MEDICAL INC
$935.98M-5.10%-3.70%-2.97%-6.90%0.352.2856.30%-9.10%-6.37%
NKTR
NEKTAR THERAPEUTICS
$322.26M-114.60%-40.60%-44.11%-33.60%2.136.1060.90%-195.00%-168.08%
MYGN
MYRIAD GENETICS INC
$2.29B-31.70%-20.40%-24.12%-58.00%0.461.9968.80%-30.30%-30.04%
GHRS
GH RESEARCH PLC
$655.55M-14.60%-14.10%-15.02%-22.80%0.0422.06N/AN/AN/A
PULM
PULMATRIX INC
$6.98M-44.10%-26.70%-32.47%-58.10%0.605.59100.00%-75.70%-75.73%
VKTX
VIKING THERAPEUTICS INC
$7.39B-18.40%-17.70%-10.03%-22.20%0.0429.49N/AN/AN/A
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$1.56B-206.00%-29.40%-26.48%-19.20%4.304.2465.00%-53.10%-43.14%
CYTO
ALTAMIRA THERAPEUTICS LTD
$2.31MN/A-55.30%-32.34%250.00%0.191.38N/AN/AN/A
KRMD
KORU MEDICAL SYSTEMS INC
$104.34M-55.90%-41.70%-38.51%-43.90%0.444.0160.20%-45.20%-29.74%
JSPR
JASPER THERAPEUTICS INC
$347.27M-64.60%-56.20%-54.62%13,749.00%0.1113.49N/AN/AN/A
RLAY
RELAY THERAPEUTICS INC
$881.40M-42.70%-37.00%-40.92%-44.40%0.1320.73100.00%-931.60%-931.64%
IONM
ASSURE HOLDINGS CORP
$3.84MN/A-162.40%168.55%-142.00%-1.490.30-860.40%-10,226.70%-9,718.82%
XTNT
XTANT MEDICAL HOLDINGS INC
$93.76M-3.60%-1.90%-0.16%-0.20%0.972.3461.50%-1.60%-0.10%
QNCX
QUINCE THERAPEUTICS INC
$39.11M-36.80%-24.20%-20.21%-46.80%1.157.16N/AN/AN/A
OCX
ONCOCYTE CORP
$39.16M-144.40%-51.90%-64.00%-954.60%4.670.7922.10%-2,956.70%-2,901.01%
VERA
VERA THERAPEUTICS INC
$2.26B-52.40%-39.10%-22.11%-41.20%0.1928.63N/AN/AN/A
PCVX
VAXCYTE INC
$8.11B-28.80%-26.90%-21.80%-42.40%0.0517.42N/AN/AN/A
ALRN
AILERON THERAPEUTICS INC
$81.39M-59.10%-31.10%-19.09%1,331.30%0.092.82N/AN/AN/A
TCRX
TSCAN THERAPEUTICS INC
$474.71M-61.10%-34.50%-44.44%-53.70%0.965.23100.00%-653.50%-628.11%
NTRB
NUTRIBAND INC
$49.04M-82.00%-63.40%-82.99%-273.80%0.171.0241.30%-263.00%-259.41%
MGRM
MONOGRAM ORTHOPAEDICS INC
$65.56M-112.30%-78.70%-126.85%800.00%0.235.40100.00%-3,669.40%-3,669.38%
RDHL
REDHILL BIOPHARMA LTD
$18.13M-103.20%26.30%331.98%-103.30%10.140.8447.00%366.20%193.45%
SCLX
SCILEX HOLDING CO
$163.07MN/A-108.10%65.85%154.20%-1.480.1566.10%-229.50%-226.06%
PYPD
POLYPID LTD
$7.14M-1,267.70%-115.40%-282.80%-126.20%-8.330.83N/AN/AN/A
TDOC
TELADOC HEALTH INC
$2.16B-10.10%-5.40%-5.28%-12.30%0.893.8270.80%-8.90%-7.93%
RNLX
RENALYTIX PLC
$39.60MN/A-213.60%602.64%-8,928.60%-1.790.42-1.60%-1,687.80%-1,687.44%
CDMO
AVID BIOSERVICES INC
$578.94M-9.70%-4.00%-7.73%-3.60%1.530.477.50%-13.20%-13.14%
DRRX
DURECT CORP
$28.87M-216.60%-50.40%-180.15%2,681.10%3.361.0580.60%-279.80%-248.59%
DOMH
DOMINARI HOLDINGS INC
$12.83M-44.50%-40.80%-48.54%-41.90%0.1015.89100.00%-721.10%-721.11%
AYTU
AYTU BIOPHARMA INC
$16.37M-40.50%-10.30%-27.92%-1,259.20%3.190.8565.30%-14.60%-13.45%
NVCR
NOVOCURE LTD
$2.37B-50.30%-16.90%-22.28%-16.20%2.126.2674.80%-36.70%-40.74%
SLN
SILENCE THERAPEUTICS PLC
$1.01B-80.70%-29.20%-21.11%-124.10%0.5712.8269.70%-132.30%-144.03%
HROW
HARROW INC
$593.00M-54.60%-11.20%-3.29%-3.90%3.893.0169.80%-22.60%-6.02%
BKD
BROOKDALE SENIOR LIVING INC
$1.33B-38.50%-3.00%1.37%0.70%13.820.8418.20%-5.70%2.22%
ADAP
ADAPTIMMUNE THERAPEUTICS PLC
$284.24M-234.60%-55.40%-84.64%-123.50%9.592.81100.00%-890.10%-883.39%
IBRX
IMMUNITYBIO INC
$5.29BN/A-147.60%-133.79%-54.00%-1.583.64100.00%-198,994.00%-153,686.42%
DH
DEFINITIVE HEALTHCARE CORP
$867.34M-22.20%-10.60%-12.34%-47.80%0.722.3081.00%-78.20%-79.42%
VBIV
VBI VACCINES INC
$18.07M-1,094.90%-95.60%3,542.31%-553.70%-14.800.34-24.10%-892.50%-809.64%
PRPH
PROPHASE LABS INC
$95.97M-45.00%-25.90%-46.31%-42.30%1.011.8818.40%-82.20%-106.63%
JYNT
JOINT CORP
$257.85M-36.60%-12.00%-0.77%-0.80%2.271.3490.90%-9.30%-0.34%
BBIO
BRIDGEBIO PHARMA INC
$5.63BN/A-84.30%-64.08%-25.30%-1.805.5498.90%-246.20%-207.52%
AZTA
AZENTA INC
$2.74B-6.10%-5.30%-6.81%-15.90%0.155.8640.00%-23.10%-24.67%
GHSI
GUARDION HEALTH SCIENCES INC
$10.93M-77.30%-42.10%-56.06%-139.60%2.058.1743.40%-42.50%-42.46%
XAIR
BEYOND AIR INC
$49.37M-222.50%-106.00%-160.97%-180.30%1.373.39-159.90%-9,681.00%-9,408.27%
TBIO
TELESIS BIO INC
$7.57M-500.20%-53.40%-74.05%-47.70%-5.063.6560.40%-191.30%-171.10%
BTAI
BIOXCEL THERAPEUTICS INC
$77.69MN/A-154.40%-274.37%-181.80%-2.142.5724.10%-8,715.70%-7,943.91%
LIVN
LIVANOVA PLC
$3.36B-2.60%-1.30%-3.00%-6.00%1.013.1767.90%-2.70%-5.40%
AVDL
AVADEL PHARMACEUTICALS PLC
$1.49B-149.60%-85.20%-122.78%-128.30%1.142.8595.70%-284.40%-267.39%
MOR
MORPHOSYS AG
$2.86B-183.80%-8.60%-2.78%-2.10%40.313.0875.50%-79.60%-20.54%
ASND
ASCENDIS PHARMA A
$7.05BN/A-60.30%-10,575.04%-52.60%-4.370.8385.60%-152.40%-113.55%
GKOS
GLAUKOS CORP
$5.53B-30.00%-14.90%-14.67%-15.50%1.075.3876.20%-43.20%-38.69%
ATRA
ATARA BIOTHERAPEUTICS INC
$73.45MN/A-121.70%1,478.71%-206.80%-2.680.5969.30%-671.70%-656.95%
TVTX
TRAVERE THERAPEUTICS INC
$461.34M-96.00%-21.30%-30.48%-18.50%7.962.7894.90%-87.90%-81.56%
AIH
AESTHETIC MEDICAL INTERNATIONAL HOLDINGS GROUP LTD
$23.82MN/A-6.80%-25.52%-11.90%10.780.2747.20%-5.50%-5.58%
MYO
MYOMO INC
$104.89M-94.00%-60.80%-83.39%-212.60%0.522.8367.40%-47.80%-46.77%
BFRI
BIOFRONTERA INC
$5.45M-1,217.20%-74.80%-201.54%-312.00%-4.881.4449.00%-69.40%-63.88%
BJDX
BLUEJAY DIAGNOSTICS INC
$1.68M-218.30%-146.10%-274.49%-753.20%0.512.26N/AN/AN/A
IMUX
IMMUNIC INC
$112.15M-170.20%-124.70%-116.56%877.80%0.255.09N/AN/AN/A
CELC
CELCUITY INC
$523.42M-61.70%-43.50%-39.63%-41.60%0.4111.23N/AN/AN/A
ATHA
ATHIRA PHARMA INC
$96.59M-80.60%-67.70%-107.72%-240.40%0.255.03N/AN/AN/A
VOR
VOR BIOPHARMA INC
$123.55M-73.70%-57.30%-78.17%-63.00%0.368.46N/AN/AN/A
UBX
UNITY BIOTECHNOLOGY INC
$24.85M-100.80%-47.20%-65.19%-43.30%1.454.98N/AN/AN/A
CALC
CALCIMEDICA INC
$58.58M-111.10%-79.20%-65.39%-365.00%0.576.21N/AN/AN/A
ATNM
ACTINIUM PHARMACEUTICALS INC
$291.88M-105.00%-51.90%-57.86%6,332.80%1.0210.59100.00%-57,346.90%-57,346.91%
VIRI
VIRIOS THERAPEUTICS INC
$6.76M-127.40%-113.60%-191.01%-2,407.20%0.225.66N/AN/AN/A
LUCD
LUCID DIAGNOSTICS INC
$47.16M-801.60%-161.50%-386.35%962.20%1.691.38-111.10%-1,827.90%-1,563.39%
GBIO
GENERATION BIO CO
$243.50M-82.30%-46.70%-65.64%-51.50%1.178.01100.00%-1,696.90%-1,696.87%
PDSB
PDS BIOTECHNOLOGY CORP
$128.01M-146.00%-70.40%-81.05%-288.60%0.864.56N/AN/AN/A
OGEN
ORAGENICS INC
$10.44M-414.60%-326.00%-770.49%-2,683.90%0.352.69100.00%-98,219.70%-98,053.25%
VRCA
VERRICA PHARMACEUTICALS INC
$367.78M-271.40%-105.10%-158.61%-224.00%42.973.1779.60%-905.80%-835.36%
TNON
TENON MEDICAL INC
$3.18M-732.70%-181.70%-247.86%-1,439.10%1.212.6354.70%-445.80%-444.06%
TNYA
TENAYA THERAPEUTICS INC
$365.89M-76.40%-64.80%-75.16%-105.20%0.176.72N/AN/AN/A
ELEV
ELEVATION ONCOLOGY INC
$197.24M-59.30%-38.50%-36.98%-76.80%0.4446.22N/AN/AN/A
GRI
GRI BIO INC
$1.59M-548.10%-290.50%-407.95%1,049.50%0.642.64N/AN/AN/A
GLSI
GREENWICH LIFESCIENCES INC
$180.04M-93.90%-91.20%-132.71%3,150.80%0.0423.76N/AN/AN/A
ELAB
ELEVAI LABS INC
$12.94M-297.10%-145.00%-152.36%-1,100.90%0.702.5767.80%-211.40%-209.57%
PRLD
PRELUDE THERAPEUTICS INC
$219.72M-53.00%-47.20%-54.71%-54.60%0.1711.64N/AN/AN/A
SHLT
SHL TELEMEDICINE LTD
$83.60M-10.90%-6.30%-4.57%-7.50%0.502.3044.30%-12.40%-7.66%
1...789...12

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
679-0.70%+1.84%+3.96%-19.69%8.47x6.01x+18.62%+3.83%-27.52%+77.73%Strong Buy
64-0.44%+1.56%+12.99%+11.25%38.96x4.47x-13.18%+6.48%+11.49%+5.02%Buy
18-0.03%+1.66%+7.51%+18.11%31.85x6.42x+33.60%+8.10%+14.22%+11.01%Buy
87-0.75%+1.10%+5.60%-1.99%-1.01x2.20x+12.36%+3.36%+6.05%+32.29%Strong Buy
12+0.52%+1.22%+4.66%+4.46%25.53x3.07x+15.18%+4.74%+11.78%+11.78%Buy
61+0.25%+2.04%-0.03%-19.66%9.15x3.33x+6.71%+2.23%+5.33%+26.88%Buy
51-0.09%+0.01%+4.96%+11.10%39.23x4.59x-92.23%+6.58%+13.66%+15.22%Buy
150-0.35%+1.37%+2.08%-13.46%30.60x4.00x+7.35%+5.26%+8.26%+19.86%Buy
10+0.87%+0.34%+1.16%+26.37%26.84x107.17x-11.87%+3.44%+19.58%+10.98%Buy
56+0.16%+1.85%+6.62%-5.76%59.83x3.64x+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.
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.