In a recent transaction, Giorgio R. Saumat, the CEO of Earth Science Tech, Inc. (OTC:ETST), a company specializing in pharmaceutical preparations, has increased his stake in the company through the purchase of additional shares. The executive bought shares on two consecutive days, with the total investment amounting to $5,958.
The transactions, which were all executed on the open market according to the filing, involved the purchase of shares at prices ranging from $0.065 to $0.068. On April 17, 2024, Mr. Saumat acquired 18,975 shares at $0.068 each and 31,025 shares at $0.065 each. The following day, he further bolstered his holdings by purchasing 39,000 shares at a price of $0.068 per share.
Following these purchases, the CEO's total ownership in Earth Science Tech, Inc. has increased significantly, demonstrating a strong vote of confidence in the company's prospects. Investors often view such insider buying activity as a positive sign, suggesting that executives believe in the company's future performance and valuation.
Earth Science Tech, Inc., headquartered in Miami, Florida, is known for its work in the pharmaceutical sector and operates under the trading symbol ETST on the OTC markets. The company, previously known as Ultimate Novelty Sports Inc., has been incorporated in Nevada and continues to make strides in its specialized field of pharmaceutical preparations.
InvestingPro Insights
Following the recent insider buying activity by CEO Giorgio R. Saumat, Earth Science Tech, Inc. (OTC:ETST) has shown noteworthy developments that may be of interest to investors. With a market capitalization of $21.08 million, the company's financial metrics provide a deeper understanding of its current standing. The P/E ratio stands at 72.22, indicating a valuation that investors are willing to pay above the company's current earnings. Despite this high earnings multiple, the company's significant revenue growth over the last twelve months, a staggering 220377.89%, signals an exceptional expansion in its operations.
Investors should note that Earth Science Tech's stock price has experienced substantial volatility, with a significant return of 13.33% over the last week and an impressive 109.23% return over the last year. The company's stock is currently trading at 56.52% of its 52-week high, with a previous close at $0.07. These figures showcase the dynamic nature of ETST's stock price movements and the potential for growth perceived by the market.
For those considering an investment in Earth Science Tech, there are additional InvestingPro Tips available that could provide further insights into the company's performance and future prospects. Among these tips are indications of the company's profitability over the last twelve months and the fact that it operates with a moderate level of debt. However, analysts anticipate a sales decline in the current year, and the company does not pay a dividend to shareholders, which could influence investment decisions.
To gain access to the full suite of InvestingPro Tips, which includes 11 additional tips for Earth Science Tech, visit https://www.investing.com/pro/ETST and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. These tips could be crucial for investors looking to make informed decisions about their investments in the pharmaceutical sector.
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