Amphastar Pharmaceuticals: Cheap With Caveats
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Amphastar Pharmaceuticals' stock has dropped over 25% since early November, despite strong earnings and sales growth. The Q3 results were affected by Hurricane Helene, but the company had exceeded expectations in Q2. The stock is considered cheap based on P/E ratio, but there are concerns about a patent expiration in early 2026.
January 03, 2025 | 6:00 pm
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Amphastar Pharmaceuticals' stock has declined over 25% since early November, despite strong earnings and sales growth. The Q3 results were impacted by Hurricane Helene, but the company had exceeded expectations in Q2. The stock is cheap on a P/E basis, but there are concerns about a patent expiration in early 2026.
The stock's decline presents a potential buying opportunity due to its low P/E ratio. However, the impact of Hurricane Helene on Q3 results and the upcoming patent expiration in 2026 are significant concerns that could affect future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100