Amphastar Pharmaceuticals stock hits 52-week low at 22.6 USD

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Investors are closely monitoring the company’s strategic responses to these challenges as it seeks to stabilize and potentially rebound from this low point. In other recent news, Amphastar Pharmaceuticals reported its financial results for Q1 2025, revealing a mixed performance. The company missed analyst expectations with an earnings per share (EPS) of $0.51, below the projected $0.694, and reported revenue of $170.5 million, falling short of the forecasted $174.35 million. Additionally, Amphastar’s net income decreased to $25.3 million from $43.2 million in Q1 2024. Despite these financial challenges, the company experienced a 20% increase in sales of Primatene Mist, indicating strong market demand.
Furthermore, the FDA accepted Amphastar’s Biologics License Application for insulin aspart, marking a significant step in expanding its biosimilar insulin offerings. In related developments, JPMorgan downgraded Amphastar’s stock rating from Overweight to Neutral, citing ongoing challenges with the company’s product pipeline and regulatory hurdles. The firm also reduced its price target for Amphastar to $30.00 from $45.00, reflecting concerns about the company’s financial projections for 2025 and 2026. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.