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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)
QLI
QILIAN INTERNATIONAL HOLDING GROUP LTD
China
$26.10M35,750,0000.08%0.00%
STRO
SUTRO BIOPHARMA INC
United States
$259.13M62,441,96378.85%21.15%Net SellingNet Selling
SVRA
SAVARA INC
United States
$643.27M138,188,89132.26%67.74%Net BuyingNet Selling
NXTC
NEXTCURE INC
United States
$46.16M27,973,28947.70%50.08%
CERS
CERUS CORP
United States
$319.86M184,890,07176.73%5.84%Net SellingNet Selling
RXRX
RECURSION PHARMACEUTICALS INC
United States
$2.04B237,663,66875.32%24.68%Net SellingNet Selling
ACET
ADICET BIO INC
United States
$120.77M82,153,98440.62%19.50%Net Buying
ATHA
ATHIRA PHARMA INC
United States
$81.25M38,326,65257.11%31.41%Net Buying
PNTG
PENNANT GROUP INC
United States
$680.24M30,045,76085.34%8.91%Net BuyingNet Buying
NBTX
NANOBIOTIX SA
France
$311.08M47,133,32819.67%0.00%
AVIR
ATEA PHARMACEUTICALS INC
United States
$327.40M84,164,54565.45%25.19%Net Selling
ABEO
ABEONA THERAPEUTICS INC
United States
$114.89M27,355,03725.74%74.26%Net BuyingNet Buying
LPTX
LEAP THERAPEUTICS INC
United States
$71.17M25,600,13712.25%87.75%
NVNO
ENVVENO MEDICAL CORP
United States
$66.65M13,330,00027.51%72.49%Net BuyingNet Buying
LSTA
LISATA THERAPEUTICS INC
United States
$24.51M8,307,4330.84%99.16%Net Selling
COGT
COGENT BIOSCIENCES INC
United States
$722.84M95,613,39688.56%11.44%Net BuyingNet Buying
PHR
PHREESIA INC
United States
$1.21B56,387,47276.62%23.38%Net SellingNet Selling
TARA
PROTARA THERAPEUTICS INC
United States
$61.77M20,589,97612.01%87.99%Net SellingNet Selling
BNTC
BENITEC BIOPHARMA INC
Australia
$23.98M2,592,43446.20%37.31%
NRIX
NURIX THERAPEUTICS INC
United States
$664.03M49,150,79484.43%15.57%Net SellingNet Selling
VIR
VIR BIOTECHNOLOGY INC
United States
$1.28B136,058,68062.26%37.74%Net SellingNet Selling
EKSO
EKSO BIONICS HOLDINGS INC
United States
$24.54M18,174,4264.27%95.73%Net Selling
EXAI
EXSCIENTIA PLC
United Kingdom
$579.49M125,702,39624.77%0.00%
SABS
SAB BIOTHERAPEUTICS INC
United States
$36.99M9,225,49440.51%59.49%Net Buying
TARO
TARO PHARMACEUTICAL INDUSTRIES LTD
Israel
$1.59B37,587,23112.90%50.73%
PRGO
PERRIGO CO PLC
Ireland
$4.19B136,320,43361.54%38.46%Net BuyingNet Buying
VRCA
VERRICA PHARMACEUTICALS INC
United States
$339.35M42,418,55341.10%58.90%Net Buying
XENE
XENON PHARMACEUTICALS INC
Canada
$3.06B75,468,88395.40%3.29%Net SellingNet Selling
MGRM
MONOGRAM ORTHOPAEDICS INC
United States
$59.47M31,633,9950.45%23.64%
ARTL
ARTELO BIOSCIENCES INC
United States
$4.33M3,227,7000.76%25.83%
PASG
PASSAGE BIO INC
United States
$81.73M55,598,79643.60%56.40%Net BuyingNet Selling
KRON
KRONOS BIO INC
United States
$61.30M60,094,40944.51%42.51%Net BuyingNet Selling
VRAX
VIRAX BIOLABS GROUP LTD
United Kingdom
$1.45M1,811,5407.37%0.00%
CGEM
CULLINAN THERAPEUTICS INC
United States
$1.14B43,065,64548.27%51.73%Net SellingNet Selling
SUPN
SUPERNUS PHARMACEUTICALS INC
United States
$1.59B54,974,25445.35%54.65%Net SellingNet Selling
LVTX
LAVA THERAPEUTICS NV
Netherlands
$81.23M26,289,08722.20%0.00%
ACST
ACASTI PHARMA INC
Canada
$25.94M9,399,4046.08%64.72%Net Buying
VXRT
VAXART INC
United States
$122.57M173,861,6849.16%69.71%Net SellingNet Selling
AZTR
AZITRA INC
United States
$6.22M28,804,6430.16%55.13%Net BuyingNet Buying
PRQR
PROQR THERAPEUTICS NV
Netherlands
$166.81M84,248,38421.83%0.00%
KTTA
PASITHEA THERAPEUTICS CORP
United States
$8.01M1,042,4152.22%97.78%Net Buying
VCEL
VERICEL CORP
United States
$2.34B48,601,73691.15%8.85%Net SellingNet Selling
CBUS
CIBUS INC
United States
$437.96M24,687,76714.04%85.96%Net Buying
CRBU
CARIBOU BIOSCIENCES INC
United States
$319.72M90,317,77176.47%8.74%Net Buying
RLMD
RELMADA THERAPEUTICS INC
United States
$106.51M30,174,20245.13%3.43%Net Buying
WRBY
WARBY PARKER INC
United States
$1.76B118,862,32748.64%51.36%Net SellingNet Selling
FEMY
FEMASYS INC
United States
$26.89M22,220,7186.38%8.01%
CLVR
CLEVER LEAVES HOLDINGS INC
United States
$4.05M1,754,7951.09%98.91%Net SellingNet Selling
ADMA
ADMA BIOLOGICS INC
United States
$2.04B231,809,19772.97%24.19%Net SellingNet Selling
TKNO
ALPHA TEKNOVA INC
United States
$73.48M40,823,38713.78%83.29%Net Buying
EMBC
EMBECTA CORP
United States
$821.22M57,670,20995.98%1.52%Net SellingNet Selling
ENTX
ENTERA BIO LTD
Israel
$88.03M35,785,30911.35%3.76%Net Buying
ALDX
ALDEYRA THERAPEUTICS INC
United States
$223.99M59,414,48959.11%33.90%Net SellingNet Buying
IPA
IMMUNOPRECISE ANTIBODIES LTD
Canada
$33.95M26,315,2606.56%0.00%
NAUT
NAUTILUS BIOTECHNOLOGY INC
United States
$343.23M125,265,01540.64%59.36%Net BuyingNet Buying
PTPI
PETROS PHARMACEUTICALS INC
United States
$4.39M6,875,8141.70%84.23%
NVRO
NEVRO CORP
United States
$359.57M36,728,64873.26%26.74%Net SellingNet Selling
NKTX
NKARTA INC
United States
$440.42M70,467,62053.86%46.14%Net BuyingNet Buying
CELC
CELCUITY INC
United States
$512.53M30,453,12052.40%15.32%Net SellingNet Selling
SYRS
SYROS PHARMACEUTICALS INC
United States
$131.48M26,453,89146.94%53.06%Net BuyingNet Selling
MACK
MERRIMACK PHARMACEUTICALS INC
United States
$219.48M14,516,17023.49%76.51%Net Buying
ERAS
ERASCA INC
United States
$320.71M173,358,96639.95%49.54%Net Buying
ESPR
ESPERION THERAPEUTICS INC
United States
$414.92M189,460,29337.89%20.74%Net Selling
EPIX
ESSA PHARMA INC
Canada
$276.05M44,238,14773.10%26.90%Net BuyingNet Buying
GDTC
CYTOMED THERAPEUTICS LTD
Singapore
$24.58M11,540,0000.04%57.45%
SLNO
SOLENO THERAPEUTICS INC
United States
$1.50B33,411,32920.77%79.23%Net BuyingNet Selling
PTIX
PROTAGENIC THERAPEUTICS INC
United States
$5.97M4,435,1322.55%1.03%Net Buying
XWEL
XWELL INC
United States
$7.61M4,183,4351.65%98.35%Net Buying
CNTB
CONNECT BIOPHARMA HOLDINGS LTD
China
$82.65M55,102,95412.92%0.00%
CMPX
COMPASS THERAPEUTICS INC
United States
$220.14M137,589,17162.59%12.24%Net Buying
ANAB
ANAPTYSBIO INC
United States
$639.53M27,318,64441.94%58.06%Net SellingNet Selling
LFST
LIFESTANCE HEALTH GROUP INC
United States
$2.62B382,287,76632.64%67.36%Net SellingNet Selling
ELYM
ELIEM THERAPEUTICS INC
United States
$234.51M27,719,40960.80%23.57%Net Buying
THRD
THIRD HARMONIC BIO INC
United States
$484.50M40,714,39973.29%26.71%Net BuyingNet Buying
RDNT
RADNET INC
United States
$4.08B73,880,14564.36%35.64%Net Selling
QNCX
QUINCE THERAPEUTICS INC
United States
$41.05M43,215,23315.43%84.57%Net Buying
SNPX
SYNAPTOGENIX INC
United States
$4.96M1,085,33479.75%20.25%
AONC
AMERICAN ONCOLOGY NETWORK INC
United States
$126.79M35,716,4660.17%19.59%Net SellingNet Buying
CDTX
CIDARA THERAPEUTICS INC
United States
$55.47M4,561,75161.60%38.40%Net SellingNet Selling
ADIL
ADIAL PHARMACEUTICALS INC
United States
$6.08M4,054,8615.41%94.59%Net Buying
ACHV
ACHIEVE LIFE SCIENCES INC
United States
$158.31M34,341,3037.94%27.71%Net BuyingNet Selling
VRNA
VERONA PHARMA PLC
United Kingdom
$1.20B648,654,17410.40%55.71%Net SellingNet Selling
HSCS
HEART TEST LABORATORIES INC
United States
$5.77M65,561,6301.84%1.37%
ABOS
ACUMEN PHARMACEUTICALS INC
United States
$201.87M60,079,77863.98%16.58%Net Buying
XGN
EXAGEN INC
United States
$27.06M17,235,75136.96%63.04%Net SellingNet Selling
NUVB
NUVATION BIO INC
United States
$711.90M219,046,21950.10%49.90%Net Buying
MDGL
MADRIGAL PHARMACEUTICALS INC
United States
$4.37B21,311,52622.67%77.33%Net BuyingNet Buying
XTNT
XTANT MEDICAL HOLDINGS INC
United States
$105.48M130,216,54140.30%59.70%Net Selling
QTTB
Q32 BIO INC
United States
$323.99M11,942,12947.15%52.85%Net SellingNet Selling
ONVO
ORGANOVO HOLDINGS INC
United States
$9.28M10,040,0744.53%95.47%Net Selling
AFMD
AFFIMED NV
Germany
$79.94M15,227,463100.00%0.00%
RGNX
REGENXBIO INC
United States
$760.51M49,255,96676.15%23.85%Net SellingNet Buying
CDNA
CAREDX INC
United States
$772.40M52,083,79278.55%21.45%Net SellingNet Selling
AYTU
AYTU BIOPHARMA INC
United States
$18.21M5,567,5975.65%94.35%Net Buying
BCYC
BICYCLE THERAPEUTICS PLC
United Kingdom
$979.21M42,779,03054.60%45.40%Net SellingNet Selling
RCM
R1 RCM INC
United States
$5.09B421,255,23047.62%52.38%Net SellingNet Selling
PRAX
PRAXIS PRECISION MEDICINES INC
United States
$645.77M13,238,34940.09%59.91%Net BuyingNet Selling
APLS
APELLIS PHARMACEUTICALS INC
United States
$5.10B121,365,55574.88%25.12%Net BuyingNet Selling
BLFS
BIOLIFE SOLUTIONS INC
United States
$899.44M46,030,88658.87%41.13%Net BuyingNet Selling
OMGA
OMEGA THERAPEUTICS INC
United States
$108.10M55,154,98557.75%42.25%Net Selling
1...567...12

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
680-1.62%-2.51%-3.52%-21.05%6.42x5.91x+20.97%+3.56%-33.88%+84.90%Strong Buy
66+5.11%+7.27%+4.18%+9.23%37.39x4.36x-13.51%+6.44%+11.47%+3.98%Buy
17-0.53%+1.82%+3.59%+14.38%31.93x6.33x+33.48%+8.06%+14.18%+12.79%Buy
90-0.72%-1.27%+0.66%-6.21%-3.15x2.17x+11.81%+3.11%+6.07%+34.14%Buy
12+0.39%+3.48%+3.54%+2.41%25.16x3.02x+15.17%+4.73%+11.77%+13.27%Buy
59-1.02%-2.32%-6.09%-23.97%12.79x3.34x+7.06%+2.44%+6.04%+33.12%Buy
51+0.10%+3.37%+1.26%+10.73%39.75x4.47x-95.44%+6.74%+14.01%+14.51%Buy
153-0.47%-1.92%-4.16%-14.44%29.79x3.92x+7.18%+5.22%+7.62%+21.81%Buy
9+0.59%+3.79%-0.11%+28.86%26.83x110.00x-10.56%+3.43%+19.55%+9.31%Buy
56+0.54%+1.52%-0.53%-8.80%58.36x3.57x+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 2.89%.

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 14.08%, 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 8.36%, 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 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.