NASDAQ: AMPH

Amphastar Pharmaceuticals (AMPH) Stock Analysis & Forecast

Oct 12 close

$26.76+0.14 (+0.5%)

Gekko Brief

AI summaryOct 12 close

This week’s coverage centers on analyst views rather than company developments. Argus lowered its target price for Amphastar to $27.00, while other pieces compared the company’s valuation and fundamentals to peers such as Enanta Pharmaceuticals, with one noting shares trading well above an estimated fair value figure. No product, deal, or regulatory news accompanied these items.

AMPH closed at $26.76, up 0.5%, sitting above both its 50-day ($23.21) and 200-day ($22.34) averages, with the 50-day above the 200-day. The GekkoIndex reads 51, placing the stock in the Neutral zone, down 3.3 over five days. Despite the uptrend, price remains 34.1% below Gekko Fair Value of $40.62, a gap that stands in contrast to consensus analyst targets, which average $22.50 across 6 firms with 5 hold ratings and 1 sell, implying -15.9% from current levels.

Amphastar reports earnings on 5 November 2026 after close, 23 days out and within a typical 20-trading-day holding window; its last report showed EPS of $0.80 against a $0.51 estimate, with a 2.7% reaction, and it has beaten estimates in 4 of the last 8 quarters, with an average absolute reaction of 11.7%. No insider, Congress, or unusual options activity appears in the current windows. Seasonally, the next 20 trading days have averaged a 4.6% gain over 5 years, positive in 4 of them.

Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.

Amphastar Pharmaceuticals price vs fair value

▲$40.62$26.76Oct ’25Apr ’26Oct ’26
Close $26.76200-day averageGekko Fair Value $40.62

Amphastar Pharmaceuticals quick facts

Market cap
$1.18B
P/E ratio
15.3
Forward P/E
—
EPS, TTM
$1.69
Revenue, TTM
$730.0M
Profit margin
10.8%
Dividend yield
—
Beta
0.90
Volume
362,817 avg 540,468
1-year return
+7.2%
Typical daily move
±3.7%
Typical 20-day move
±9.1%
50-day average
$23.21
200-day average
$22.34
Next earnings
Nov 5 after close
Shares outstanding
42.54M
52-week range
$16.65$29.52

Amphastar Pharmaceuticals swing-trade checklist

Amphastar Pharmaceuticals scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed1 headwind

  • Trendsupportive

    Above 50 and 200-day

    Close $26.76 is above the 50-day ($23.21) and 200-day ($22.34) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexmixed

    51, Neutral

    Reading 51 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuesupportive

    34.1% below

    Price is 34.1% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 24 days

    Reports on Nov 5, 2026, 24 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +4.6% on average

    From this point in the calendar, the next 20 trading days averaged +4.6% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Amphastar Pharmaceuticals stock chart and price history

Amphastar Pharmaceuticals closed at $26.76 on Oct 12, 2026, +7.2% over the past year, inside a 52-week range of $16.65 to $29.52.

Close50-day average200-day averageVolume
Amphastar Pharmaceuticals share price, past year, with 50-day and 200-day moving averages and volume$20$25$30NovDecJan 2026FebMarAprMayJunJulAugSepOct26.76

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+12.5%
3 months
+42.3%
6 months
+25.3%
1 year
+7.2%
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About Amphastar Pharmaceuticals

Amphastar Pharmaceuticals develops, manufactures and sells a range of generic and branded drugs, covering injectable, inhaled and intranasal forms. Among its better-known products are Primatene Mist, an over-the-counter inhaler for mild asthma relief, Enoxaparin for preventing and treating deep vein thrombosis, and Naloxone, used to reverse opioid overdoses. Its broader lineup also includes glucagon emergency kits, the diagnostic agent Cortrosyn, and Amphadase, a hyaluronidase injection that helps other drugs absorb and spread in the body.

The company works through two main segments, one covering finished pharmaceutical products and the other active pharmaceutical ingredients, and it also distributes recombinant human and porcine insulin API. Its finished-product lines stretch further into epinephrine injections for severe allergic reactions, lidocaine formulations, vitamin K1 injection for newborns, emergency syringes, morphine and lorazepam injections, and treatments such as neostigmine methylsulfate and isoproterenol hydrochloride. Customers span hospitals, clinics, other care facilities and physicians' offices, and the company sells into markets including the United States, China and France.

Amphastar was founded in 1996 and operates out of Rancho Cucamonga, California. Its shares are listed on the NASDAQ under the ticker AMPH.

Listed
NASDAQ
Sector
Health technology
Industry
Pharmaceuticals: major
Website
amphastar.com

Amphastar Pharmaceuticals GekkoIndex: the smart money zone

Amphastar Pharmaceuticals’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 51, in the Neutral zone, down 3.3 points over five sessions.

010051Neutral

Down 3.3 points over five sessions.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying90−0.9%−1.4%+0.3%−5.2%
Accumulation2660.0%0.0%−0.5%−3.6%
Neutral (current zone)313−0.4%−1.0%−2.7%−4.4%
Distribution9Too few readings yet
Selling4Too few readings yet

Average AMPH share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the AMPH price, zone by zone.Track AMPH in Gekko

Is Amphastar Pharmaceuticals stock overvalued? Gekko Fair Value

Amphastar Pharmaceuticals trades 34.1% below Gekko Fair Value of $40.62, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Amphastar Pharmaceuticals shares are worth, recalculated every trading day.

$40.62

Gekko Fair Value, Oct 10, 2026

34.1% Undervalued

At the end of Aug 2026 the price was 3.7% above the estimate.

Gekko Fair ValueShare price, month end
$41$27Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open AMPH in Gekko

Amphastar Pharmaceuticals insider and Congress trading

No open-market insider purchases were filed for Amphastar Pharmaceuticals, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for AMPH in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every AMPH insider filing, plotted on the chart in Gekko.Open AMPH in Gekko

Congress trades last 90 days

No trades in AMPH were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for AMPH, plotted on the chart in Gekko.Open AMPH in Gekko

Buybacks

Amphastar Pharmaceuticals has been buying back its own shares.

Latest authorization
$50.00M, Mar 16, 2026
Bought back, quarter ended Jun 30, 2026
$45.21M
As a share of market cap
3.83%
Trailing four quarters
$145.4M

From company filings.

Amphastar Pharmaceuticals earnings: next date and track record

Amphastar Pharmaceuticals reports on Nov 5, 2026, after the close (24 days away), and beat the EPS estimate in 4 of its last 8 reports.

4 of 8reports beat the EPS estimate
±11.7%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

−10.6%Nov ’24−8.9%Feb ’25+3.3%May ’25+14.4%Aug ’25−5.1%Nov ’25−27.7%Feb ’26−20.5%May ’26+2.7%Aug ’26

Last earnings call, Aug 6, 2026 AI summary

What they said
Amphastar's Q2 2026 earnings call emphasized improved financial performance driven by revenue growth, margin expansion, and product launches. Revenue rose 5% year-over-year to $183.9 million with contributions from recent launches (e.g., Ipratropium Bromide HFA) and resilient demand for key branded products such as BAQSIMI and Primatene MIST. Profitability improved sequentially due to higher revenue, favorable product mix, and steps to mitigate duplicate 340B discounts. Management highlighted three strategic growth pillars: (1) expand branded/differentiated commercial portfolio, (2) advance complex generics and biosimilars, and (3) progress proprietary development programs. Operational updates included manufacturing expansion, continued shipments from the IMS facility despite an FDA warning letter and ongoing remediation, and a targeted approach to business development prioritizing near-term accretive assets. Pipeline updates noted recent product launches (iron sucrose, teriparatide), Ipratropium Bromide HFA sales (~$8.4M), and that AMP-004 (insulin aspart) remains on schedule for a 2027 commercial launch. During Q&A, management acknowledged headwinds—pricing pressures from 340B duplicate discounts affecting BAQSIMI, competition-driven declines in glucagon sales, and potential remediation actions at the IMS site—but expressed confidence in mitigation efforts and the company’s diversified model.
Guidance
Management provided qualitative forward-looking commentary rather than numeric guidance: expect a quarter similar to Q2 driven by higher BAQSIMI sales offsetting IMS-related costs; R&D expense is expected to tick up slightly as a percentage of sales; IMS is expected to continue shipping during remediation though some batches may face additional quality review and potential short-term delays; AMP-004 (insulin aspart) commercial launch is on schedule for 2027; business development focus prioritizes assets that are immediately accretive or accretive within ~1 year.
Risks flagged
IMS facility received an FDA warning letter and is undergoing remediation which could lead to slowed releases, extra quality reviews, and potential temporary shutdowns; pricing pressure from 340B duplicate discounts materially impacted BAQSIMI revenues and remains to be fully resolved; increased competition has caused a steep decline in glucagon sales and could pressure other products; general dynamic operating environment and reimbursement/discount dynamics that may affect average selling prices and margins.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 6, 2026$0.80
est $0.51
+56.9%$183.9M
est $179.9M
+2.2%+2.7%
May 7, 2026$0.42
est $0.71
−40.8%$171.2M
est $173.5M
−1.3%−20.5%
Feb 26, 2026$0.61
est $0.89
−31.5%$183.1M
est $188.8M
−3.0%−27.7%
Nov 6, 2025$0.93
est $0.83
+12.4%$191.8M
est $190.5M
+0.7%−5.1%
Aug 7, 2025$0.85
est $0.74
+14.9%$174.4M
est $177.1M
−1.5%+14.4%
May 7, 2025$0.74
est $0.69
+7.2%$170.5M
est $173.1M
−1.5%+3.3%
Feb 27, 2025$0.92
est $0.94
−2.0%$186.5M
est $188.8M
−1.2%−8.9%
Nov 6, 2024$0.96
est $1.00
−4.0%$188.8M
est $192.1M
−1.7%−10.6%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Amphastar Pharmaceuticals stock forecast and analyst price targets

Analysts’ average 12-month price target for Amphastar Pharmaceuticals is $22.50, −15.9% from the last close, from 6 firms rating the stock in the last 90 days.

$22.50consensus 12-month target, −15.9% from the last close
Low $20High $30
Buy0
Hold5
Sell1

Each firm’s latest rating in the last 90 days: 6 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 2Wells FargoHold, maintained$20−25.3%
Aug 18BarclaysHold, maintained$23−14.1%
Aug 7NeedhamHold, maintained$20−25.3%
Aug 7Piper SandlerHold, reiterated$20−25.3%
Aug 7Wells FargoHold, reiterated$20−25.3%
−2.7%average 20-day move after past Neutral readings
+4.6%average move over the next 20 trading days in the last 5 years
±3.7%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Amphastar Pharmaceuticals seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, Amphastar Pharmaceuticals averaged +4.6% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

+2.7%2021+7.4%2022−4.1%2023−0.4%2024+1.7%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+2.6%4 of 5
Next 10 trading days+2.9%3 of 5
Next 15 trading days+3.9%3 of 5
Next 20 trading days+4.6%4 of 5
Next 30 trading days+6.7%4 of 5

For scale, AMPH’s typical 20-trading-day move in either direction is about 9.1%.

Amphastar Pharmaceuticals market cap and key statistics

Amphastar Pharmaceuticals’s market cap is $1.18B, with a P/E ratio of 15.3 and revenue of $730.0M over the last twelve months.

Valuation

Market cap
$1.18B
P/E ratio
15.3
EPS, TTM
$1.69
Gekko Fair Value
$40.62

Trading

Volume
362,817
Avg volume, 20 days
540,468
52-week high
$29.52
52-week low
$16.65
Shares outstanding
42.54M

Financials

Revenue, TTM
$730.0M
Profit margin
10.8%
Return on equity
10.3%
Quarterly earnings growth, YoY
+4.7%

Risk and income

Beta
0.90
Typical daily move
±3.7%
Typical 20-day move
±9.1%

Amphastar Pharmaceuticals stock news this week

Coverage of Amphastar Pharmaceuticals this week reads negative: 1 positive, 0 neutral and 2 negative headlines.

News sentiment negative

Amphastar Pharmaceuticals peers

Amphastar Pharmaceuticals’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
LLYEli Lilly+0.1%Neutral14.7% above
JNJJohnson & Johnson+0.8%Neutral3.2% below
ABBVAbbVie+1.3%Distribution28.2% above
MRKMerck−0.2%Neutral8.0% below
AZNAstraZeneca−0.7%Accumulation41.7% below
PFEPfizer−0.1%Neutral8.0% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Amphastar Pharmaceuticals stock FAQ

What is Amphastar Pharmaceuticals’s market cap?

Amphastar Pharmaceuticals’s market cap is $1.18B at the Oct 12, 2026 close of $26.76, with 42.54M shares outstanding. The shares trade on a P/E ratio of 15.3.

What is the Amphastar Pharmaceuticals stock forecast?

The consensus analyst 12-month price target for Amphastar Pharmaceuticals is $22.50, −15.9% from the last close. Of the 6 firms that rated the stock in the last 90 days, 0 rate it a buy, 5 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.

Is Amphastar Pharmaceuticals stock overvalued or undervalued?

On Gekko’s estimate Amphastar Pharmaceuticals is undervalued: the Oct 12, 2026 close of $26.76 is 34.1% below Gekko Fair Value of $40.62. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Amphastar Pharmaceuticals report earnings next?

Amphastar Pharmaceuticals is expected to report on Nov 5, 2026, after the market closes (24 days away). Analysts expect earnings of $0.86 per share on revenue of $197.9M. Amphastar Pharmaceuticals beat the earnings estimate in 4 of its last 8 reports, moving 11.7% on average across the report.

What is Amphastar Pharmaceuticals’s 52-week high and low?

Amphastar Pharmaceuticals’s 52-week high is $29.52 and its 52-week low is $16.65; it closed at $26.76 on Oct 12, 2026, +7.2% over the past year. Over the last five years the shares peaked at $67.66 on Aug 9, 2023.

Is Amphastar Pharmaceuticals stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (trend, fair value and seasonality), 1 as mixed (gekkoindex) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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