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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)
DHAI
DIH HOLDING US INC
United States
$64.87M40,544,9351.06%46.79%
DRMA
DERMATA THERAPEUTICS INC
United States
$1.67M444,0561.02%98.98%
RNXT
RENOVORX INC
United States
$33.53M23,951,8251.38%14.26%Net Buying
ELTX
ELICIO THERAPEUTICS INC
United States
$101.27M10,270,2853.96%92.23%Net Buying
EHAB
ENHABIT INC
United States
$448.89M50,155,41797.76%2.24%Net BuyingNet Buying
ELAN
ELANCO ANIMAL HEALTH INC
United States
$8.40B494,181,62090.47%9.53%Net SellingNet Selling
GRTX
GALERA THERAPEUTICS INC
United States
$10.12M54,392,17017.98%73.20%Net SellingNet Selling
BTSG
BRIGHTSPRING HEALTH SERVICES INC
United States
$1.96B171,320,17448.31%51.69%Net BuyingNet Buying
SOLV
SOLVENTUM CORP
United States
$10.71B172,709,5052.87%19.90%
ISPC
ISPECIMEN INC
United States
$2.47M9,978,9583.00%64.70%Net Buying
MTEM
MOLECULAR TEMPLATES INC
United States
$9.41M6,583,8801.87%98.13%Net BuyingNet Buying
BIOL
BIOLASE INC
United States
$5.38M33,394,9791.42%55.47%
VERO
VENUS CONCEPT INC
Canada
$4.00M6,355,2301.60%98.40%
MNDR
MOBILE-HEALTH NETWORK SOLUTIONS
Cayman Islands
$65.62M34,000,0000.00%0.00%
SHPH
SHUTTLE PHARMACEUTICALS HOLDINGS INC
United States
$6.99M16,794,8930.33%59.49%Net Selling
OPGN
OPGEN INC
United States
$3.87M1,001,3522.19%97.81%
CTNM
CONTINEUM THERAPEUTICS INC
United States
$404.11M25,723,2760.00%10.47%
MYMD
MYMD PHARMACEUTICALS INC
United States
$5.49M2,307,63211.18%88.82%Net Buying
AXDX
ACCELERATE DIAGNOSTICS INC
United States
$19.34M22,050,5156.16%93.84%Net BuyingNet Selling
TEVA
TEVA PHARMACEUTICAL INDUSTRIES LTD
Israel
$19.04B1,132,640,59750.23%0.96%Net SellingNet Selling
KA
KINETA INC
United States
$5.89M12,254,4554.35%95.65%Net BuyingNet Buying
CADL
CANDEL THERAPEUTICS INC
United States
$356.34M29,744,73112.71%37.04%Net Selling
RENB
RENOVARO INC
United States
$143.08M147,504,9444.92%79.84%Net Buying
RANI
RANI THERAPEUTICS HOLDINGS INC
United States
$264.71M50,420,3156.18%51.39%Net Buying
AONC
AMERICAN ONCOLOGY NETWORK INC
United States
$96.71M36,772,3400.27%19.03%Net SellingNet Buying
CPHI
CHINA PHARMA HOLDINGS INC
China
$5.67M15,870,0700.22%99.78%Net Buying
ANVS
ANNOVIS BIO INC
United States
$97.75M11,171,48010.85%26.53%Net Buying
ENGN
ENGENE HOLDINGS INC
Canada
$552.18M43,581,33172.24%27.76%Net BuyingNet Buying
EFTR
EFFECTOR THERAPEUTICS INC
United States
$8.80M4,704,4091.86%98.14%Net SellingNet Buying
ZVSA
ZYVERSA THERAPEUTICS INC
United States
$3.51M834,8962.68%97.32%
NUWE
NUWELLIS INC
United States
$4.64M18,051,0551.34%68.58%
PMN
PROMIS NEUROSCIENCES INC
Canada
$34.98M18,961,11617.84%24.49%
VRPX
VIRPAX PHARMACEUTICALS INC
United States
$905.36k1,171,2330.02%99.98%
LIFW
MSP RECOVERY INC
United States
$98.88M140,250,8541.22%13.40%Net BuyingNet Selling
TTOO
T2 BIOSYSTEMS INC
United States
$53.29M8,792,9500.32%99.68%Net Selling
BPTH
BIO-PATH HOLDINGS INC
United States
$3.59M1,656,2350.11%99.89%
COCH
ENVOY MEDICAL INC
United States
$63.50M19,599,9825.92%73.05%Net Buying
NRSN
NEUROSENSE THERAPEUTICS LTD
Israel
$19.38M15,379,0421.09%0.00%
QLGN
QUALIGEN THERAPEUTICS INC
United States
$1.86M6,307,3711.33%98.67%
ALZN
ALZAMEND NEURO INC
United States
$4.35M6,866,8460.93%99.07%Net BuyingNet Buying
CNSP
CNS PHARMACEUTICALS INC
United States
$2.56M11,851,9327.41%4.75%Net Buying
CNTG
CENTOGENE NV
Germany
$10.51M27,595,8357.76%0.00%
HCWB
HCW BIOLOGICS INC
United States
$41.98M37,823,3942.91%47.89%Net Buying
MOVE
MOVANO INC
United States
$42.65M98,265,0689.24%10.19%Net Buying
WINT
WINDTREE THERAPEUTICS INC
United States
$2.59M591,9090.71%99.29%Net Buying
AMRX
AMNEAL PHARMACEUTICALS INC
$2.08B308,651,37325.00%75.00%Net SellingNet Selling
NRXP
NRX PHARMACEUTICALS INC
United States
$43.44M10,700,6095.85%94.15%Net Buying
IVA
INVENTIVA SA
France
$193.14M52,115,8079.29%0.00%
AGEN
AGENUS INC
United States
$224.69M20,999,26160.95%39.05%Net BuyingNet Buying
ARMP
ARMATA PHARMACEUTICALS INC
United States
$89.66M36,154,6171.70%98.30%
AKTX
AKARI THERAPEUTICS PLC
United States
$24.09M15,847,391,5230.00%59.09%
CUTR
CUTERA INC
United States
$45.36M20,072,09666.01%33.99%Net SellingNet Selling
CERO
CERO THERAPEUTICS HOLDINGS INC
United States
$15.97M15,062,25811.06%21.61%
XFOR
X4 PHARMACEUTICALS INC
United States
$151.14M167,937,78161.33%1.30%Net SellingNet Selling
ALLR
ALLARITY THERAPEUTICS INC
United States
$11.04M17,606,7390.22%7.15%
OKYO
OKYO PHARMA LTD
United Kingdom
$38.07M25,553,2740.17%99.83%Net Buying
BCTX
BRIACELL THERAPEUTICS CORP
Canada
$23.81M15,981,72613.73%28.25%Net BuyingNet Buying
VINC
VINCERX PHARMA INC
United States
$20.14M29,534,23828.70%38.94%Net Buying
LSDI
LUCY SCIENTIFIC DISCOVERY INC
Canada
$2.28M1,764,6306.20%93.80%
AMIX
AUTONOMIX MEDICAL INC
United States
$43.41M18,793,9740.18%35.88%
CDT
CONDUIT PHARMACEUTICALS INC
United States
$214.84M73,829,5362.18%73.51%
BOLD
BOUNDLESS BIO INC
United States
$236.34M22,254,53765.14%23.96%Net BuyingNet Buying
FBLG
FIBROBIOLOGICS INC
United States
$359.91M32,719,1251.47%0.39%
ONMD
ONEMEDNET CORP
United Kingdom
$11.21M23,850,0104.45%27.05%Net Selling
ONCO
ONCONETIX INC
United States
$3.55M22,327,70110.58%21.37%
PACS
PACS GROUP INC
United States
$4.22B147,773,3860.00%89.87%Net SellingNet Selling
ICU
SEASTAR MEDICAL HOLDING CORP
United States
$30.92M75,419,4585.06%19.86%Net Buying
NRXS
NEURAXIS INC
United States
$19.74M6,647,9601.12%39.67%Net Buying
GALT
GALECTIN THERAPEUTICS INC
United States
$196.39M62,148,1348.77%91.23%Net BuyingNet Selling
OTLK
OUTLOOK THERAPEUTICS INC
United States
$186.07M23,405,6373.76%96.24%Net BuyingNet Buying
MAIA
MAIA BIOTECHNOLOGY INC
United States
$74.46M21,837,1492.88%20.26%Net BuyingNet Buying
MDAI
SPECTRAL AI INC
United States
$32.17M17,482,33315.55%77.10%Net BuyingNet Buying
ALUR
ALLURION TECHNOLOGIES INC
United States
$81.03M47,947,95215.77%16.50%Net Buying
ERNA
ETERNA THERAPEUTICS INC
United States
$11.25M5,410,3310.43%99.57%Net Selling
NLSP
NLS PHARMACEUTICS LTD
Switzerland
$6.31M35,671,78022.87%0.00%
RVPH
REVIVA PHARMACEUTICALS HOLDINGS INC
United States
$42.99M27,918,56019.44%38.25%
BCLI
BRAINSTORM CELL THERAPEUTICS INC
United States
$39.74M70,080,5235.77%53.09%Net BuyingNet Buying
AEON
AEON BIOPHARMA INC
United States
$66.51M39,122,23824.21%59.31%Net Selling
BGXX
BRIGHT GREEN CORP
United States
$42.60M190,166,3185.61%67.06%Net Buying
NKGN
NKGEN BIOTECH INC
United States
$42.56M24,887,79912.13%80.06%Net Buying
CLDI
CALIDI BIOTHERAPEUTICS INC
United States
$12.63M50,924,2845.27%34.31%Net SellingNet Buying
PBM
PSYENCE BIOMEDICAL LTD
Canada
$11.72M13,390,6595.34%66.53%Net Selling
OCEA
OCEAN BIOMEDICAL INC
United States
$55.32M34,149,04613.26%75.32%
TVGN
TEVOGEN BIO HOLDINGS INC
United States
$128.40M164,614,4184.11%95.89%Net Selling
NIVF
NEWGENIVF GROUP LTD
Thailand
$10.93M8,284,00015.56%20.82%
NUVO
LAMF GLOBAL VENTURES CORP I
United States
$23.41M13,223,4408.43%72.14%
INKT
MINK THERAPEUTICS INC
United States
$35.07M34,727,6392.70%71.96%Net BuyingNet Buying

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
678+0.74%+2.09%+6.36%-20.75%8.16x6.06x+18.37%+3.70%-27.15%+77.15%Strong Buy
64-0.34%+2.22%+12.40%+8.46%39.05x4.47x-13.16%+6.46%+11.46%+5.34%Buy
18+0.48%+1.89%+7.64%+18.88%32.93x6.42x+33.66%+8.08%+14.20%+10.49%Buy
87+0.27%+0.58%+6.24%-3.67%-1.08x2.21x+12.46%+3.39%+6.12%+31.76%Strong Buy
12-1.10%+0.04%+1.12%+4.69%25.19x3.03x+15.18%+4.74%+11.78%+13.37%Buy
61-0.19%+1.63%-1.19%-22.50%10.68x3.32x+6.76%+2.25%+5.35%+27.15%Buy
51+0.19%+0.62%+4.65%+11.39%37.64x4.62x-92.27%+6.58%+13.67%+14.97%Buy
150-0.33%+1.75%+3.10%-14.72%30.55x3.98x+7.33%+5.24%+8.23%+20.25%Buy
10-0.52%+0.61%+0.95%+26.67%26.75x106.68x-12.18%+3.44%+19.61%+11.48%Buy
56-0.23%+1.99%+6.12%-6.85%59.90x3.63x+11.21%+7.72%+10.03%+18.87%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 -41.26% over the past year, underperforming other healthcare stocks by -34 percentage points.

Cross Country Healthcare has an average 1 year price target of $19.50, an upside of 34.58% from Cross Country Healthcare's current stock price of $14.49.

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. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the second best healthcare stock with a Zen Score of 64, which is 40 points higher than the healthcare sector average of 24. It passed 20 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -11.18% over the past year, underperforming other healthcare stocks by -4 percentage points.

Incyte has an average 1 year price target of $74.92, an upside of 31.01% from Incyte's current stock price of $57.19.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Incyte, 30.77% have issued a Strong Buy rating, 23.08% have issued a Buy, 46.15% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Corcept Therapeutics (NASDAQ:CORT)


Corcept Therapeutics (NASDAQ:CORT) is the third best healthcare stock with a Zen Score of 64, which is 40 points higher than the healthcare sector average of 24. It passed 21 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 17.21% over the past year, overperforming other healthcare stocks by 24 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 40.81% from Corcept Therapeutics's current stock price of $28.88.

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 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 8.14%, which is 6 percentage points higher than the healthcare sector average of 2.07%. 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. Siga Technologies (NASDAQ:SIGA)


Siga Technologies (NASDAQ:SIGA) has an annual dividend yield of 7.95%, which is 6 percentage points higher than the healthcare sector average of 2.07%.

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 7.82%, which is 6 percentage points higher than the healthcare sector average of 2.07%. 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 0.04% in the last day, and up 1.67% over the last week. Scorpius Holdings was the among the top gainers in the healthcare sector, gaining 55.34% yesterday.

Scorpius shares are trading higher after the company announced expansion in San Antonio with a new storage and testing facility.

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 85 points higher than the healthcare sector average of 15. It passed 7 out of 7 valuation due diligence checks.

Inmode's stock has dropped -44.54% 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 85 points higher than the healthcare sector average of 15. It passed 7 out of 7 valuation due diligence checks.

Pacira Biosciences's stock has dropped -26.17% in the past year. It has underperformed other stocks in the healthcare sector by -19 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 85 points higher than the healthcare sector average of 15. It passed 7 out of 7 valuation due diligence checks.

Cross Country Healthcare's stock has dropped -41.26% in the past year. It has underperformed other stocks in the healthcare sector by -34 percentage points.

Are healthcare stocks a good buy now?

50.4% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 32.73% 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 27.77x.
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.