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)
ERNA	ETERNA THERAPEUTICS INC	$9.25M	N/A	0.00%	N/A	N/A	N/A	N/A
VERO	VENUS CONCEPT INC	$4.42M	N/A	0.00%	N/A	N/A	N/A	N/A
IINN	INSPIRA TECHNOLOGIES OXY BHN LTD	$30.99M	N/A	0.00%	N/A	N/A	N/A	N/A
COCH	ENVOY MEDICAL INC	$95.06M	N/A	0.00%	N/A	N/A	N/A	N/A
CUTR	CUTERA INC	$51.30M	N/A	0.00%	N/A	N/A	N/A	N/A
BIOL	BIOLASE INC	$4.81M	N/A	0.00%	N/A	N/A	N/A	N/A
APTO	APTOSE BIOSCIENCES INC	$18.70M	N/A	0.00%	N/A	N/A	N/A	N/A
MODD	MODULAR MEDICAL INC	$35.06M	N/A	0.00%	N/A	N/A	N/A	N/A
AEON	AEON BIOPHARMA INC	$126.97M	N/A	0.00%	N/A	N/A	N/A	N/A
ASLN	ASLAN PHARMACEUTICALS LTD	$8.09M	N/A	0.00%	N/A	N/A	N/A	N/A
ARMP	ARMATA PHARMACEUTICALS INC	$90.01M	N/A	0.00%	N/A	N/A	N/A	N/A
PSTV	PLUS THERAPEUTICS INC	$7.70M	N/A	0.00%	N/A	N/A	N/A	N/A
JAGX	JAGUAR HEALTH INC	$80.93M	N/A	0.00%	N/A	N/A	N/A	N/A
BHC	BAUSCH HEALTH COMPANIES INC	$2.97B	N/A	0.00%	N/A	N/A	N/A	N/A
AXDX	ACCELERATE DIAGNOSTICS INC	$20.41M	N/A	0.00%	N/A	N/A	N/A	N/A
NVAX	NOVAVAX INC	$659.18M	N/A	0.00%	N/A	N/A	N/A	N/A
MMA	ALTA GLOBAL GROUP LTD	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
ATRA	ATARA BIOTHERAPEUTICS INC	$77.58M	N/A	0.00%	N/A	N/A	N/A	N/A
AKAN	AKANDA CORP	$857.76k	N/A	0.00%	N/A	N/A	N/A	N/A
MRAI	MARPAI INC	$25.07M	N/A	0.00%	N/A	N/A	N/A	N/A
ALUR	ALLURION TECHNOLOGIES INC	$105.27M	N/A	0.00%	N/A	N/A	N/A	N/A
RANI	RANI THERAPEUTICS HOLDINGS INC	$319.50M	N/A	0.00%	N/A	N/A	N/A	N/A
HUMA	HUMACYTE INC	$523.97M	N/A	0.00%	N/A	N/A	N/A	N/A
IBIO	IBIO INC	$7.07M	N/A	0.00%	N/A	N/A	N/A	N/A
HCWB	HCW BIOLOGICS INC	$49.93M	N/A	0.00%	N/A	N/A	N/A	N/A
ICCC	IMMUCELL CORP	$38.75M	N/A	0.00%	N/A	N/A	N/A	N/A
BTSG	BRIGHTSPRING HEALTH SERVICES INC	$1.89B	N/A	N/A	N/A	N/A	N/A	N/A
GRTX	GALERA THERAPEUTICS INC	$10.55M	N/A	0.00%	N/A	N/A	N/A	N/A
ENGN	ENGENE HOLDINGS INC	$667.67M	N/A	N/A	N/A	N/A	N/A	N/A
OPGN	OPGEN INC	$4.86M	N/A	0.00%	N/A	N/A	N/A	N/A
YS	YS BIOPHARMA CO LTD	$68.68M	N/A	N/A	N/A	N/A	N/A	N/A
EPRX	EUPRAXIA PHARMACEUTICALS INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
ZVSA	ZYVERSA THERAPEUTICS INC	$4.36M	N/A	0.00%	N/A	N/A	N/A	N/A
CNTG	CENTOGENE NV	$11.98M	N/A	0.00%	N/A	N/A	N/A	N/A
ELTX	ELICIO THERAPEUTICS INC	$92.12M	N/A	0.00%	N/A	N/A	N/A	N/A
DRMA	DERMATA THERAPEUTICS INC	$2.26M	N/A	0.00%	N/A	N/A	N/A	N/A
KPRX	KIORA PHARMACEUTICALS INC	$14.26M	N/A	0.00%	N/A	N/A	N/A	N/A
ACXP	ACURX PHARMACEUTICALS INC	$33.41M	N/A	0.00%	N/A	N/A	N/A	N/A
MAIA	MAIA BIOTECHNOLOGY INC	$63.01M	N/A	0.00%	N/A	N/A	N/A	N/A
EHAB	ENHABIT INC	$501.06M	N/A	0.00%	N/A	N/A	N/A	N/A
ELAN	ELANCO ANIMAL HEALTH INC	$6.64B	N/A	0.00%	N/A	N/A	N/A	N/A
MOVE	MOVANO INC	$50.39M	N/A	0.00%	N/A	N/A	N/A	N/A
CTLT	CATALENT INC	$10.18B	N/A	0.00%	N/A	N/A	N/A	N/A
AVAH	AVEANNA HEALTHCARE HOLDINGS INC	$436.70M	N/A	0.00%	N/A	N/A	N/A	N/A
CNSP	CNS PHARMACEUTICALS INC	$2.30M	N/A	0.00%	N/A	N/A	N/A	N/A
BCLI	BRAINSTORM CELL THERAPEUTICS INC	$27.20M	N/A	0.00%	N/A	N/A	N/A	N/A
PTN	PALATIN TECHNOLOGIES INC	$33.08M	N/A	0.00%	N/A	N/A	N/A	N/A
NRXP	NRX PHARMACEUTICALS INC	$19.71M	N/A	0.00%	N/A	N/A	N/A	N/A
ALZN	ALZAMEND NEURO INC	$5.05M	N/A	0.00%	N/A	N/A	N/A	N/A
PBH	PRESTIGE CONSUMER HEALTHCARE INC	$3.54B	N/A	0.00%	$0.4750	N/A	N/A	0
CHRO	CHROMOCELL THERAPEUTICS CORP	$10.23M	N/A	0.00%	N/A	N/A	N/A	N/A
ACHV	ACHIEVE LIFE SCIENCES INC	$160.64M	N/A	0.00%	N/A	N/A	N/A	N/A
OWLT	OWLET INC	$38.10M	N/A	0.00%	N/A	N/A	N/A	N/A
TTOO	T2 BIOSYSTEMS INC	$20.12M	N/A	0.00%	N/A	N/A	N/A	N/A
VCNX	VACCINEX INC	$7.61M	N/A	0.00%	N/A	N/A	N/A	N/A
SLS	SELLAS LIFE SCIENCES GROUP INC	$75.96M	N/A	0.00%	N/A	N/A	N/A	N/A
ENSC	ENSYSCE BIOSCIENCES INC	$4.17M	N/A	0.00%	N/A	N/A	N/A	N/A
SKYE	SKYE BIOSCIENCE INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
CLRB	CELLECTAR BIOSCIENCES INC	$107.75M	N/A	0.00%	N/A	N/A	N/A	N/A
CING	CINGULATE INC	$5.61M	N/A	0.00%	N/A	N/A	N/A	N/A
OTLK	OUTLOOK THERAPEUTICS INC	$110.61M	N/A	0.00%	N/A	N/A	N/A	N/A
NRSN	NEUROSENSE THERAPEUTICS LTD	$19.53M	N/A	0.00%	N/A	N/A	N/A	N/A
ALLR	ALLARITY THERAPEUTICS INC	$380.00k	N/A	0.00%	N/A	N/A	N/A	N/A
AKTX	AKARI THERAPEUTICS PLC	$23.30M	N/A	N/A	N/A	N/A	N/A	N/A
UNCY	UNICYCIVE THERAPEUTICS INC	$38.93M	N/A	0.00%	N/A	N/A	N/A	N/A
QLGN	QUALIGEN THERAPEUTICS INC	$1.83M	N/A	0.00%	N/A	N/A	N/A	N/A
IVA	INVENTIVA SA	$166.77M	N/A	0.00%	N/A	N/A	N/A	N/A
KTRA	KINTARA THERAPEUTICS INC	$6.13M	N/A	0.00%	N/A	N/A	N/A	N/A
QTI	QT IMAGING HOLDINGS INC	$16.85M	N/A	0.00%	N/A	N/A	N/A	N/A
ONCO	ONCONETIX INC	$2.52M	N/A	0.00%	N/A	N/A	N/A	N/A
MDAI	SPECTRAL AI INC	$30.04M	N/A	0.00%	N/A	N/A	N/A	N/A
EUDA	EUDA HEALTH HOLDINGS LTD	$46.58M	N/A	N/A	N/A	N/A	N/A	N/A
CDT	CONDUIT PHARMACEUTICALS INC	$220.75M	N/A	0.00%	N/A	N/A	N/A	N/A
BCTX	BRIACELL THERAPEUTICS CORP	$35.80M	N/A	0.00%	N/A	N/A	N/A	N/A
HCTI	HEALTHCARE TRIANGLE INC	$5.72M	N/A	0.00%	N/A	N/A	N/A	N/A
LIFW	MSP RECOVERY INC	$128.77M	N/A	0.00%	N/A	N/A	N/A	N/A
RNXT	RENOVORX INC	$21.42M	N/A	0.00%	N/A	N/A	N/A	N/A
ATNF	180 LIFE SCIENCES CORP	$1.71M	N/A	0.00%	N/A	N/A	N/A	N/A
LSDI	LUCY SCIENTIFIC DISCOVERY INC	$1.42M	N/A	0.00%	N/A	N/A	N/A	N/A
BGXX	BRIGHT GREEN CORP	$40.70M	N/A	0.00%	N/A	N/A	N/A	N/A
ANVS	ANNOVIS BIO INC	$60.01M	N/A	0.00%	N/A	N/A	N/A	N/A
ONMD	ONEMEDNET CORP	$14.02M	N/A	0.00%	N/A	N/A	N/A	N/A
AMIX	AUTONOMIX MEDICAL INC	$61.27M	N/A	N/A	N/A	N/A	N/A	N/A
SCNI	SCINAI IMMUNOTHERAPEUTICS LTD	$2.01M	N/A	0.00%	N/A	N/A	N/A	N/A
GALT	GALECTIN THERAPEUTICS INC	$208.62M	N/A	0.00%	N/A	N/A	N/A	N/A
RVPH	REVIVA PHARMACEUTICALS HOLDINGS INC	$88.78M	N/A	0.00%	N/A	N/A	N/A	N/A
OKYO	OKYO PHARMA LTD	$39.48M	N/A	0.00%	N/A	N/A	N/A	N/A
VTVT	VTV THERAPEUTICS INC	$71.34M	N/A	0.00%	N/A	N/A	N/A	N/A
NLSP	NLS PHARMACEUTICS LTD	$4.85M	N/A	0.00%	N/A	N/A	N/A	N/A
INKT	MINK THERAPEUTICS INC	$33.62M	N/A	0.00%	N/A	N/A	N/A	N/A
ICU	SEASTAR MEDICAL HOLDING CORP	$37.18M	N/A	0.00%	N/A	N/A	N/A	N/A
NIVF	NEWGENIVF GROUP LTD	$10.52M	N/A	0.00%	N/A	N/A	N/A	N/A
CLDI	CALIDI BIOTHERAPEUTICS INC	$7.14M	N/A	0.00%	N/A	N/A	N/A	N/A
TVGN	TEVOGEN BIO HOLDINGS INC	$162.31M	N/A	0.00%	N/A	N/A	N/A	N/A
PBM	PSYENCE BIOMEDICAL LTD	$17.01M	N/A	0.00%	N/A	N/A	N/A	N/A
NKGN	NKGEN BIOTECH INC	$30.10M	N/A	0.00%	N/A	N/A	N/A	N/A
OCEA	OCEAN BIOMEDICAL INC	$47.81M	N/A	0.00%	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	681	+1.42%	+6.14%	-3.49%	-18.37%	7.63x	5.99x	+15.18%	+2.53%	-35.33%	+82.13%	Strong Buy
Diagnostics & Research	66	-0.30%	+0.61%	-4.87%	-1.02%	38.60x	4.16x	-23.26%	+6.41%	+11.02%	+11.32%	Buy
Drug Manufacturers - General	17	-1.19%	+2.40%	-1.41%	+12.84%	150.35x	6.19x	+34.83%	+8.28%	+14.44%	+14.49%	Buy
Drug Manufacturers - Specialty & Generic	90	+1.59%	+5.32%	+1.77%	-3.85%	32.91x	2.15x	+12.03%	+3.10%	+5.63%	+32.23%	Strong Buy
Healthcare Plans	12	+0.29%	-1.86%	+0.23%	-1.13%	19.75x	2.90x	+19.68%	+6.05%	+14.12%	+17.07%	Buy
Health Information Services	61	+0.54%	+1.75%	-4.53%	-22.22%	76.01x	3.21x	+6.57%	+2.11%	+5.20%	+35.77%	Buy
Medical Care Facilities	51	-0.21%	+1.36%	-4.24%	+7.14%	-7.58x	4.35x	-93.45%	+6.66%	+13.90%	+18.12%	Buy
Medical Devices	154	+1.23%	+3.00%	-0.85%	-12.65%	28.83x	3.68x	+10.48%	+5.30%	+7.76%	+20.08%	Buy
Medical Distribution	9	-0.42%	-2.84%	-3.75%	+31.13%	26.33x	108.21x	-8.56%	+3.45%	+18.82%	+9.17%	Buy
Medical Instruments & Supplies	56	-0.01%	+2.38%	-0.51%	-11.81%	56.28x	3.55x	+11.50%	+7.83%	+10.34%	+20.39%	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 -21.7% over the past year, underperforming other healthcare stocks by -13 percentage points.

Cross Country Healthcare has an average 1 year price target of $20.40, an upside of 21.86% from Cross Country Healthcare's current stock price of $16.74.

Cross Country Healthcare stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Cross Country Healthcare, 20% have issued a Strong Buy rating, 20% have issued a Buy, 60% 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 lose -0.71% over the past year, overperforming other healthcare stocks by 8 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 -3.46% over the past year, overperforming other healthcare stocks by 5 percentage points.

Progyny has an average 1 year price target of $47.00, an upside of 46.55% from Progyny's current stock price of $32.07.

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 2.81%.

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 11.12%, which is 8 percentage points higher than the healthcare sector average of 2.81%.

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 8.65%, which is 6 percentage points higher than the healthcare sector average of 2.81%. 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 0.54% in the last day, and up 2.82% over the last week. Emergent Biosolutions was the among the top gainers in the healthcare sector, gaining 70.98% yesterday.

Emergent Biosolutions shares are trading higher after the company announced operational changes to stabilize its financial position and reported Q1 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 -48.68% in the past year. It has underperformed other stocks in the healthcare sector by -40 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 -41.18% in the past year. It has underperformed other stocks in the healthcare sector by -33 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 -0.71% in the past year. It has overperformed other stocks in the healthcare sector by 8 percentage points.

Are healthcare stocks a good buy now?

47.75% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 36.8% 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 70.14x.

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.