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

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
NBSE	NEUBASE THERAPEUTICS INC	United States	$1.41M	3,729,206	3.93%	96.07%	Net Selling
OGI	ORGANIGRAM HOLDINGS INC	Canada	$142.84M	81,161,630	5.56%	0.00%
WORX	SCWORX CORP	United States	$2.60M	1,211,035	0.73%	99.27%
INBX	INHIBRX INC	United States	$1.80B	52,401,941	72.56%	27.44%	Net Buying
CCLD	CARECLOUD INC	United States	$20.31M	16,118,492	9.86%	46.13%	Net Buying	Net Selling
AVTX	AVALO THERAPEUTICS INC	United States	$11.22M	1,034,130	0.03%	99.97%	Net Selling
ADXN	ADDEX THERAPEUTICS LTD	Switzerland	$9.35M	125,195,393	0.13%	0.00%
PTCT	PTC THERAPEUTICS INC	United States	$2.47B	76,696,785	85.74%	14.26%	Net Selling	Net Selling
ALRN	AILERON THERAPEUTICS INC	United States	$64.83M	16,972,512	3.04%	96.96%	Net Selling	Net Selling
SNOA	SONOMA PHARMACEUTICALS INC	United States	$2.26M	15,607,433	1.95%	24.91%
RHE	REGIONAL HEALTH PROPERTIES INC	United States	$5.20M	1,839,028	0.18%	99.82%	Net Buying
SMMT	SUMMIT THERAPEUTICS INC	United Kingdom	$3.26B	701,979,596	4.61%	92.92%	Net Buying	Net Buying
AKBA	AKEBIA THERAPEUTICS INC	United States	$253.61M	209,596,378	26.12%	8.84%	Net Selling	Net Selling
CNTX	CONTEXT THERAPEUTICS INC	United States	$140.25M	74,998,312	4.74%	1.54%
XLO	XILIO THERAPEUTICS INC	United States	$40.68M	34,473,486	37.10%	62.90%	Net Buying	Net Buying
MRSN	MERSANA THERAPEUTICS INC	United States	$331.60M	122,361,236	42.94%	57.06%	Net Selling
VVOS	VIVOS THERAPEUTICS INC	United States	$5.80M	2,731,270	3.64%	96.36%	Net Buying
KZIA	KAZIA THERAPEUTICS LTD	Australia	$7.54M	263,615,444	1.85%	8.44%
OMI	OWENS & MINOR INC	United States	$1.43B	76,499,288	92.95%	7.05%	Net Selling	Net Selling
EVAX	EVAXION BIOTECH A	Denmark	$14.10M	37,897,780	1.18%	0.00%
ASLN	ASLAN PHARMACEUTICALS LTD	Singapore	$7.67M	466,761,105	0.75%	0.00%
GUTS	FRACTYL HEALTH INC	United States	$296.37M	47,878,269	0.00%	59.98%	Net Buying
TRIB	TRINITY BIOTECH PLC	Ireland	$13.03M	153,310,284	3.93%	0.00%
NVOS	NOVO INTEGRATED SCIENCES INC	United States	$11.07M	19,054,523	5.13%	94.87%
AHCO	ADAPTHEALTH CORP	United States	$1.29B	133,201,924	45.39%	54.61%	Net Selling	Net Selling
MODV	MODIVCARE INC	United States	$373.04M	14,210,882	37.69%	62.31%	Net Buying	Net Buying
SNDA	SONIDA SENIOR LIVING INC	United States	$447.09M	13,854,520	10.89%	89.11%	Net Buying	Net Buying
OMER	OMEROS CORP	United States	$203.38M	57,942,695	43.03%	6.69%	Net Buying
DARE	DARE BIOSCIENCE INC	United States	$31.18M	100,581,900	6.57%	25.43%
CSBR	CHAMPIONS ONCOLOGY INC	United States	$65.66M	13,593,767	1.90%	98.10%	Net Buying
WINT	WINDTREE THERAPEUTICS INC	United States	$2.09M	510,179	0.28%	99.72%	Net Buying
CING	CINGULATE INC	United States	$4.60M	6,046,479	0.05%	99.95%	Net Buying	Net Buying
MLEC	MOOLEC SCIENCE SA	Luxembourg	$48.83M	37,563,768	0.04%	9.18%
CERO	CERO THERAPEUTICS HOLDINGS INC	United States	$17.52M	14,723,565	5.67%	22.11%
MYMD	MYMD PHARMACEUTICALS INC	United States	$5.39M	2,157,632	46.54%	53.46%	Net Buying
IRIX	IRIDEX CORP	United States	$46.16M	16,252,813	14.51%	85.49%	Net Buying
ALVO	ALVOTECH	Luxembourg	$3.57B	266,821,844	6.53%	0.00%
VSTM	VERASTEM INC	United States	$300.11M	25,325,551	25.42%	74.58%	Net Selling	Net Selling
TAK	TAKEDA PHARMACEUTICAL CO LTD	Japan	$41.58B	1,569,013,464	5.30%	0.00%
BIVI	BIOVIE INC	United States	$19.38M	39,871,098	3.68%	96.32%	Net Selling
ELUT	ELUTIA INC	United States	$79.86M	24,273,427	19.09%	80.91%	Net Selling	Net Selling
STRM	STREAMLINE HEALTH SOLUTIONS INC	United States	$21.83M	65,362,533	26.06%	73.94%	Net Buying	Net Buying
BHVN	BIOHAVEN LTD	United States	$3.15B	88,291,909	79.08%	20.92%	Net Buying	Net Buying
GLPG	GALAPAGOS NV	Belgium	$1.88B	65,897,071	30.01%	0.00%
NERV	MINERVA NEUROSCIENCES INC	United States	$16.71M	6,993,406	6.78%	93.22%
TLSI	TRISALUS LIFE SCIENCES INC	United States	$263.03M	26,758,295	2.54%	74.24%	Net Selling
ANGO	ANGIODYNAMICS INC	United States	$242.33M	40,054,533	80.07%	19.93%	Net Selling	Net Buying
CCM	CONCORD MEDICAL SERVICES HOLDINGS LTD	China	$23.47M	130,251,685	0.04%	0.00%
VINC	VINCERX PHARMA INC	United States	$17.17M	21,413,389	45.80%	53.71%	Net Buying
ANEB	ANEBULO PHARMACEUTICALS INC	United States	$78.06M	25,933,217	24.84%	75.16%
ITRM	ITERUM THERAPEUTICS PLC	Ireland	$25.46M	16,426,784	1.70%	98.30%	Net Buying
TLSA	TIZIANA LIFE SCIENCES LTD	United Kingdom	$64.22M	103,087,744	0.77%	0.00%
MBIO	MUSTANG BIO INC	United States	$2.70M	10,390,132	9.95%	24.56%
FNCH	FINCH THERAPEUTICS GROUP INC	United States	$3.23M	1,605,763	1.07%	98.93%	Net Selling	Net Selling
CADL	CANDEL THERAPEUTICS INC	United States	$273.52M	29,347,468	13.72%	37.54%	Net Selling
RENB	RENOVARO INC	United States	$162.35M	143,668,372	1.78%	81.98%	Net Buying	Net Buying
FOXO	FOXO TECHNOLOGIES INC	United States	$2.44M	8,946,032	1.28%	98.72%	Net Selling
EPRX	EUPRAXIA PHARMACEUTICALS INC	Canada	$103.31M	35,622,553	0.00%	0.00%
BTCY	BIOTRICITY INC	United States	$11.34M	9,258,957	3.96%	59.75%
TELO	TELOMIR PHARMACEUTICALS INC	United States	$204.60M	29,609,814	0.00%	16.90%	Net Buying
NXL	NEXALIN TECHNOLOGY INC	United States	$9.52M	7,436,562	0.65%	32.87%
COEP	COEPTIS THERAPEUTICS HOLDINGS INC	United States	$14.22M	37,118,593	12.75%	39.87%	Net Buying
CVM	CEL SCI CORP	United States	$71.15M	50,104,231	12.96%	43.92%	Net Buying	Net Buying
PHGE	BIOMX INC	United States	$19.60M	55,220,077	14.70%	48.14%	Net Buying
CTCX	CARMELL CORP	United States	$39.45M	19,245,248	11.98%	59.11%	Net Buying
NVST	ENVISTA HOLDINGS CORP	United States	$3.19B	171,858,245	63.17%	36.83%	Net Selling	Net Selling
EVO	EVOTEC SE	Germany	$1.83B	177,185,736	3.20%	0.00%
SAVA	CASSAVA SCIENCES INC	United States	$970.56M	47,976,166	28.40%	71.60%	Net Buying	Net Buying
TOVX	THERIVA BIOLOGICS INC	United States	$6.29M	17,277,371	6.09%	1.45%	Net Buying
BEAT	HEARTBEAM INC	United States	$51.60M	26,329,032	7.77%	22.24%	Net Selling
BJDX	BLUEJAY DIAGNOSTICS INC	United States	$1.35M	2,688,448	1.50%	98.50%	Net Buying
ZTEK	ZENTEK LTD	Canada	$119.01M	100,859,577	0.77%	0.00%
BPTH	BIO-PATH HOLDINGS INC	United States	$1.85M	678,795	3.24%	96.76%
INAB	IN8BIO INC	United States	$44.57M	44,123,949	19.45%	51.06%	Net Buying
FWBI	FIRST WAVE BIOPHARMA INC	United States	$5.77M	2,025,199	0.08%	99.92%	Net Selling	Net Selling
SSKN	STRATA SKIN SCIENCES INC	United States	$13.15M	35,060,920	9.76%	90.24%	Net Buying
NRXS	NEURAXIS INC	United States	$21.37M	6,594,897	1.15%	39.99%	Net Buying
APVO	APTEVO THERAPEUTICS INC	United States	$3.63M	4,080,169	34.00%	66.00%
CATX	PERSPECTIVE THERAPEUTICS INC	United States	$1.03B	586,915,977	6.23%	20.98%	Net Buying	Net Buying
PAVM	PAVMED INC	United States	$19.45M	9,172,331	4.34%	95.66%
SHPH	SHUTTLE PHARMACEUTICALS HOLDINGS INC	United States	$7.02M	16,794,893	0.81%	59.49%	Net Selling
GCTK	GLUCOTRACK INC	United States	$14.98M	26,756,369	2.33%	12.58%	Net Buying	Net Buying
PMN	PROMIS NEUROSCIENCES INC	Canada	$35.84M	18,961,116	17.66%	24.49%
NCNA	NUCANA PLC	United Kingdom	$7.59M	52,860,335	29.52%	0.00%
RNAZ	TRANSCODE THERAPEUTICS INC	United States	$8.19M	5,808,053	12.47%	59.74%	Net Buying
MODD	MODULAR MEDICAL INC	United States	$37.67M	21,899,058	14.52%	38.11%	Net Buying	Net Buying
EUDA	EUDA HEALTH HOLDINGS LTD	Singapore	$54.67M	24,627,509	4.34%	39.80%
COCH	ENVOY MEDICAL INC	United States	$62.52M	19,599,982	8.40%	73.05%	Net Buying
MD	PEDIATRIX MEDICAL GROUP INC	United States	$691.69M	84,147,224	95.37%	4.63%	Net Selling	Net Selling
CCEL	CRYO CELL INTERNATIONAL INC	United States	$72.13M	8,104,477	8.66%	91.34%
SER	SERINA THERAPEUTICS INC	United States	$20.36M	2,500,664	12.90%	87.10%
AEON	AEON BIOPHARMA INC	United States	$65.37M	37,788,858	22.93%	61.40%	Net Selling
FGEN	FIBROGEN INC	United States	$115.39M	99,475,398	70.44%	12.55%	Net Selling	Net Selling
VERO	VENUS CONCEPT INC	Canada	$4.32M	6,355,230	1.59%	98.41%
CYH	COMMUNITY HEALTH SYSTEMS INC	United States	$448.86M	138,966,388	60.92%	39.08%	Net Buying	Net Selling
IINN	INSPIRA TECHNOLOGIES OXY BHN LTD	Israel	$31.46M	15,652,176	10.25%	0.00%
BACK	IMAC HOLDINGS INC	United States	$3.90M	1,148,321	2.59%	97.41%
BIOL	BIOLASE INC	United States	$5.50M	32,522,593	0.92%	56.96%
ALZN	ALZAMEND NEURO INC	United States	$3.73M	6,866,846	0.97%	99.03%	Net Buying	Net Buying
ERNA	ETERNA THERAPEUTICS INC	United States	$10.93M	5,410,331	0.91%	99.09%	Net Selling

Healthcare Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Biotechnology	680	-1.62%	-2.51%	-3.52%	-21.05%	6.42x	5.91x	+20.97%	+3.56%	-33.88%	+84.90%	Strong Buy
Diagnostics & Research	66	+5.11%	+7.27%	+4.18%	+9.23%	37.39x	4.36x	-13.51%	+6.44%	+11.47%	+3.98%	Buy
Drug Manufacturers - General	17	-0.53%	+1.82%	+3.59%	+14.38%	31.93x	6.33x	+33.48%	+8.06%	+14.18%	+12.79%	Buy
Drug Manufacturers - Specialty & Generic	90	-0.72%	-1.27%	+0.66%	-6.21%	-3.15x	2.17x	+11.81%	+3.11%	+6.07%	+34.14%	Buy
Healthcare Plans	12	+0.39%	+3.48%	+3.54%	+2.41%	25.16x	3.02x	+15.17%	+4.73%	+11.77%	+13.27%	Buy
Health Information Services	59	-1.02%	-2.32%	-6.09%	-23.97%	12.79x	3.34x	+7.06%	+2.44%	+6.04%	+33.12%	Buy
Medical Care Facilities	51	+0.10%	+3.37%	+1.26%	+10.73%	39.75x	4.47x	-95.44%	+6.74%	+14.01%	+14.51%	Buy
Medical Devices	153	-0.47%	-1.92%	-4.16%	-14.44%	29.79x	3.92x	+7.18%	+5.22%	+7.62%	+21.81%	Buy
Medical Distribution	9	+0.59%	+3.79%	-0.11%	+28.86%	26.83x	110.00x	-10.56%	+3.43%	+19.55%	+9.31%	Buy
Medical Instruments & Supplies	56	+0.54%	+1.52%	-0.53%	-8.80%	58.36x	3.57x	+11.29%	+7.72%	+10.10%	+19.62%	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 -38.53% over the past year, underperforming other healthcare stocks by -31 percentage points.

Cross Country Healthcare has an average 1 year price target of $19.50, an upside of 30.61% from Cross Country Healthcare's current stock price of $14.93.

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 lose -5.48% over the past year, overperforming other healthcare stocks by 2 percentage points.

3. Corcept Therapeutics (NASDAQ:CORT)

Corcept Therapeutics (NASDAQ:CORT) 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. Corcept Therapeutics has seen its stock return 12.67% over the past year, overperforming other healthcare stocks by 20 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 50.4% from Corcept Therapeutics's current stock price of $27.04.

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.

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 57.95%, which is 55 percentage points higher than the healthcare sector average of 2.88%.

Mei Pharma's dividend payout ratio of 44.6% 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 14.08%, which is 11 percentage points higher than the healthcare sector average of 2.88%.

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

3. Spok Holdings (NASDAQ:SPOK)

Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 8.36%, which is 5 percentage points higher than the healthcare sector average of 2.88%. 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 0.3% in the last day, and up 0.86% over the last week. Novavax was the among the top gainers in the healthcare sector, gaining 98.66% yesterday.

Novavax shares are trading higher after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.

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 -47.49% 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 -31.41% in the past year. It has underperformed other stocks in the healthcare sector by -24 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 -5.48% in the past year. It has overperformed other stocks in the healthcare sector by 2 percentage points.

Are healthcare stocks a good buy now?

48.62% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 35.12% 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 26.88x.

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.