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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
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
ALIM
ALIMERA SCIENCES INC
United States
$176.96M52,354,45029.08%70.92%Net BuyingNet Selling
EUDA
EUDA HEALTH HOLDINGS LTD
Singapore
$45.56M24,627,5094.34%39.80%
COCH
ENVOY MEDICAL INC
United States
$65.66M19,599,9828.40%73.05%Net Buying
JAGX
JAGUAR HEALTH INC
United States
$85.35M276,216,2600.45%3.48%
AXDX
ACCELERATE DIAGNOSTICS INC
United States
$18.85M21,664,3873.44%96.56%Net BuyingNet Selling
PSTV
PLUS THERAPEUTICS INC
United States
$9.58M4,276,0820.60%99.40%Net Buying
NVAX
NOVAVAX INC
United States
$625.59M139,953,14355.43%19.60%Net SellingNet Selling
MPLN
MULTIPLAN CORP
United States
$464.95M644,868,39875.07%24.93%Net BuyingNet Buying
BHC
BAUSCH HEALTH COMPANIES INC
Canada
$2.55B366,796,72171.87%28.13%Net SellingNet Selling
MMA
ALTA GLOBAL GROUP LTD
Australia
N/A10,223,0790.00%0.00%
AKAN
AKANDA CORP
United Kingdom
$804.70k8,842,8510.67%0.00%
BDSX
BIODESIX INC
United States
$177.76M114,685,78314.75%61.09%Net BuyingNet Selling
KA
KINETA INC
United States
$6.85M10,962,4603.76%96.24%Net BuyingNet Buying
ALUR
ALLURION TECHNOLOGIES INC
United States
$101.93M47,852,20315.87%16.54%Net Buying
ENGN
ENGENE HOLDINGS INC
Canada
$627.57M43,581,33132.55%27.91%Net BuyingNet Buying
ISPC
ISPECIMEN INC
United States
$2.69M9,978,9583.92%64.70%Net Buying
HCWB
HCW BIOLOGICS INC
United States
$45.39M37,823,3942.82%47.89%Net BuyingNet Buying
CVM
CEL SCI CORP
United States
$75.66M50,104,23112.96%43.88%Net BuyingNet Buying
HUMA
HUMACYTE INC
United States
$538.26M119,083,72814.97%36.38%Net Selling
ICCC
IMMUCELL CORP
United States
$41.00M7,750,86413.45%24.31%Net Buying
EFTR
EFFECTOR THERAPEUTICS INC
United States
$10.07M4,704,40918.84%81.16%Net Selling
DRMA
DERMATA THERAPEUTICS INC
United States
$2.16M6,660,8404.01%95.99%
KPRX
KIORA PHARMACEUTICALS INC
United States
$12.73M26,256,1971.15%47.24%
OPGN
OPGEN INC
United States
$4.71M10,013,5241.28%98.72%
TEVA
TEVA PHARMACEUTICAL INDUSTRIES LTD
Israel
$18.12B1,132,640,59751.18%0.96%Net SellingNet Selling
BTSG
BRIGHTSPRING HEALTH SERVICES INC
United States
$1.97B171,320,1740.00%100.00%Net BuyingNet Buying
ELAN
ELANCO ANIMAL HEALTH INC
United States
$8.50B494,181,62090.53%9.47%Net SellingNet Selling
YS
YS BIOPHARMA CO LTD
China
$88.59M93,058,19710.08%0.00%
RANI
RANI THERAPEUTICS HOLDINGS INC
United States
$341.85M50,420,3155.85%51.39%Net Buying
GRTX
GALERA THERAPEUTICS INC
United States
$9.63M54,392,17023.78%62.30%Net SellingNet Selling
ELTX
ELICIO THERAPEUTICS INC
United States
$97.24M10,235,4693.25%92.54%Net Buying
ZVSA
ZYVERSA THERAPEUTICS INC
United States
$4.01M759,4864.63%95.37%
MOVE
MOVANO INC
United States
$38.80M98,225,0689.32%10.19%Net Buying
IBIO
IBIO INC
United States
$6.55M3,484,2660.72%99.28%Net Selling
MAIA
MAIA BIOTECHNOLOGY INC
United States
$57.81M20,002,8264.02%22.12%Net BuyingNet Buying
ACXP
ACURX PHARMACEUTICALS INC
United States
$31.83M15,757,1026.93%15.26%Net Buying
EHAB
ENHABIT INC
United States
$415.79M50,155,41797.96%2.04%Net BuyingNet Buying
CNTG
CENTOGENE NV
Germany
$10.98M27,595,8359.75%0.00%
NUWE
NUWELLIS INC
United States
$4.96M18,051,0551.18%68.58%
NRXP
NRX PHARMACEUTICALS INC
United States
$28.04M9,569,9786.23%93.77%Net Buying
VCNX
VACCINEX INC
United States
$6.66M1,231,60218.31%81.69%Net BuyingNet Buying
AMRX
AMNEAL PHARMACEUTICALS INC
$2.00B308,651,37325.23%74.77%Net SellingNet Selling
TTOO
T2 BIOSYSTEMS INC
United States
$28.05M8,792,9500.46%99.54%Net Selling
BCLI
BRAINSTORM CELL THERAPEUTICS INC
United States
$31.92M68,341,8575.79%54.39%Net BuyingNet Buying
PTN
PALATIN TECHNOLOGIES INC
United States
$37.92M16,136,6408.26%91.74%Net SellingNet Selling
SKYE
SKYE BIOSCIENCE INC
United States
N/A28,062,9070.00%100.00%Net BuyingNet Buying
OTLK
OUTLOOK THERAPEUTICS INC
United States
$100.59M13,012,87613.26%86.74%Net BuyingNet Buying
ALLR
ALLARITY THERAPEUTICS INC
United States
$232.95k308,9454.41%95.59%
CLRB
CELLECTAR BIOSCIENCES INC
United States
$104.52M32,260,51026.67%12.70%
CNSP
CNS PHARMACEUTICALS INC
United States
$2.22M10,634,9322.97%5.30%Net Buying
AKTX
AKARI THERAPEUTICS PLC
United States
$25.91M15,847,391,5230.00%59.09%
QLGN
QUALIGEN THERAPEUTICS INC
United States
$1.78M6,307,3710.87%99.13%
OWLT
OWLET INC
United States
$38.55M8,964,3386.49%93.51%Net SellingNet Selling
PBH
PRESTIGE CONSUMER HEALTHCARE INC
United States
$3.49B49,649,28868.97%31.03%Net SellingNet Selling
CHRO
CHROMOCELL THERAPEUTICS CORP
United States
$10.40M5,877,8350.00%47.70%Net BuyingNet Buying
ENSC
ENSYSCE BIOSCIENCES INC
United States
$3.97M7,329,1720.72%57.99%
SLS
SELLAS LIFE SCIENCES GROUP INC
United States
$72.59M56,267,6706.21%13.47%Net Selling
APTO
APTOSE BIOSCIENCES INC
Canada
$19.33M15,717,7017.58%67.78%Net Buying
NRSN
NEUROSENSE THERAPEUTICS LTD
Israel
$18.05M15,379,0420.92%0.00%
UNCY
UNICYCIVE THERAPEUTICS INC
United States
$37.54M34,756,43637.49%18.00%
ARMP
ARMATA PHARMACEUTICALS INC
United States
$117.86M36,154,6171.55%98.45%
IVA
INVENTIVA SA
France
$178.76M52,115,8079.33%0.00%
AGEN
AGENUS INC
United States
$246.11M20,999,26163.15%36.85%Net BuyingNet Buying
LSDI
LUCY SCIENTIFIC DISCOVERY INC
Canada
$1.40M1,764,63042.58%57.42%
GALT
GALECTIN THERAPEUTICS INC
United States
$201.19M61,903,6728.36%91.64%Net BuyingNet Selling
QTI
QT IMAGING HOLDINGS INC
United States
$18.22M21,437,2168.17%91.83%Net BuyingNet Buying
SCNI
SCINAI IMMUNOTHERAPEUTICS LTD
Israel
$1.88M1,453,970,7840.03%0.05%
CDT
CONDUIT PHARMACEUTICALS INC
United States
$224.44M73,829,5361.86%73.61%
XFOR
X4 PHARMACEUTICALS INC
United States
$178.85M167,937,78157.63%1.30%Net SellingNet Selling
RVPH
REVIVA PHARMACEUTICALS HOLDINGS INC
United States
$59.75M27,918,56018.78%38.25%
HCTI
HEALTHCARE TRIANGLE INC
United States
$5.12M4,649,9090.02%99.98%
ANVS
ANNOVIS BIO INC
United States
$66.40M11,011,29910.94%26.91%Net Buying
KTRA
KINTARA THERAPEUTICS INC
United States
$6.09M39,037,8990.62%27.90%
RNXT
RENOVORX INC
United States
$22.68M16,865,9751.96%20.25%Net Buying
OKYO
OKYO PHARMA LTD
United Kingdom
$38.59M25,553,2740.15%99.85%Net Buying
MDAI
SPECTRAL AI INC
United States
$29.37M17,482,33310.40%76.35%Net Buying
AMIX
AUTONOMIX MEDICAL INC
United States
$57.13M18,793,9740.00%35.88%
BGXX
BRIGHT GREEN CORP
United States
$42.03M190,166,3187.56%67.06%Net BuyingNet Buying
ATNF
180 LIFE SCIENCES CORP
United States
$1.74M852,7727.45%92.55%Net Buying
ONMD
ONEMEDNET CORP
United Kingdom
$12.40M23,850,0101.29%27.05%Net Selling
ONCO
ONCONETIX INC
United States
$2.50M22,327,70110.85%21.37%
BCTX
BRIACELL THERAPEUTICS CORP
Canada
$36.12M15,981,72615.42%12.34%
LIFW
MSP RECOVERY INC
United States
$120.37M139,966,7180.48%13.43%Net BuyingNet Selling
NLSP
NLS PHARMACEUTICS LTD
Switzerland
$5.03M35,671,78016.35%0.00%
ICU
SEASTAR MEDICAL HOLDING CORP
United States
$32.51M75,419,4581.23%19.86%Net Buying
INKT
MINK THERAPEUTICS INC
United States
$31.19M34,699,0562.85%72.02%Net BuyingNet Buying
NIVF
NEWGENIVF GROUP LTD
Thailand
$11.85M8,284,00023.06%20.82%
PBM
PSYENCE BIOMEDICAL LTD
Canada
$14.73M13,390,6593.69%66.53%Net Selling
CLDI
CALIDI BIOTHERAPEUTICS INC
United States
$8.24M35,538,0345.35%49.17%Net SellingNet Buying
DHAI
DIH HOLDING US INC
United States
$66.49M40,544,9355.83%46.79%
NKGN
NKGEN BIOTECH INC
United States
$28.51M22,805,64315.84%84.16%Net Buying
OCEA
OCEAN BIOMEDICAL INC
United States
$59.42M34,149,04613.42%75.32%
TVGN
TEVOGEN BIO HOLDINGS INC
United States
$163.13M164,614,4181.46%96.20%Net Selling

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
680+0.27%+0.15%-3.35%-19.81%5.22x5.97x+20.11%+3.25%-34.29%+81.85%Strong Buy
66+1.84%+2.92%-3.13%+4.55%41.20x4.26x-19.07%+6.31%+11.22%+8.85%Buy
17+0.36%+3.23%+3.47%+15.36%32.18x6.34x+33.57%+8.06%+14.17%+12.39%Buy
90+0.19%-0.75%+0.19%-4.76%-3.13x2.17x+11.80%+3.13%+6.13%+33.95%Strong Buy
12+1.46%+3.08%+2.17%+1.80%24.92x3.00x+15.14%+4.72%+11.74%+13.72%Buy
59+0.16%-0.86%-7.21%-22.00%11.32x3.38x+6.90%+2.41%+5.80%+35.30%Buy
51+1.67%+3.36%-0.08%+11.10%41.62x4.45x-94.32%+6.72%+13.98%+14.51%Buy
153+1.92%-0.56%-4.95%-13.26%30.45x3.74x+7.39%+5.30%+7.85%+21.24%Buy
9+1.30%+1.74%-0.82%+29.77%26.60x109.30x-10.08%+3.43%+19.54%+10.08%Buy
56+1.36%+1.41%-2.83%-8.83%57.92x3.56x+11.31%+7.73%+10.12%+19.23%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 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 -33.51% over the past year, underperforming other healthcare stocks by -26 percentage points.

Cross Country Healthcare has an average 1 year price target of $19.50, an upside of 18.83% from Cross Country Healthcare's current stock price of $16.41.

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 -4.33% over the past year, overperforming other healthcare stocks by 3 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 11.67% over the past year, overperforming other healthcare stocks by 19 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 52.88% from Corcept Therapeutics's current stock price of $26.60.

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%, which is 54 percentage points higher than the healthcare sector average of 2.89%.

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 13.55%, which is 11 percentage points higher than the healthcare sector average of 2.89%.

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 8.22%, which is 5 percentage points higher than the healthcare sector average of 2.89%. 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 1.08% in the last day, and up 1.21% over the last week. Zai Lab was the among the top gainers in the healthcare sector, gaining 26.8% yesterday.

Zai Lab shares are trading higher after the company reported better-than-expected 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 -47.12% 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 -29.97% in the past year. It has underperformed other stocks in the healthcare sector by -23 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 -4.33% in the past year. It has overperformed other stocks in the healthcare sector by 3 percentage points.

Are healthcare stocks a good buy now?

48.33% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 35.51% 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 27.09x.
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.