In a recent transaction on May 15, Mario Guillermo Tabraue, the Chief Operating Officer of Earth Science Tech, Inc. (OTCMKTS:ETST), acquired additional shares of the company's common stock. The executive purchased 10,000 shares at a price of $0.15 per share, investing a total of $1,500 in the pharmaceutical preparations company.
This purchase was made on the open market and reflects a vote of confidence from Tabraue in Earth Science Tech's prospects. Following this transaction, Tabraue now directly owns a total of 12,291,023 shares in the company.
Investors often monitor insider buying as it can be a signal of an executive's belief in the company's future performance. The acquisition of shares by a high-level executive like the COO is a positive sign that may resonate with current and potential shareholders.
Earth Science Tech, based in Miami, Florida, operates in the pharmaceutical sector and is known for its research and development efforts in the health and wellness space. The company's stock trades on the over-the-counter market under the symbol ETST.
The latest transaction details provide a snapshot of insider activity that can be significant for investors following the company's stock. It's worth noting that insider purchases can vary in size and frequency, and they represent just one of many factors that investors may consider when making investment decisions.
InvestingPro Insights
Amidst the news of insider buying by Earth Science Tech, Inc.'s (OTCMKTS:ETST) COO, Mario Guillermo Tabraue, the company's financial health and market performance provide additional context for investors. According to InvestingPro data, Earth Science Tech currently has a market capitalization of $43.4 million USD. The company boasts a striking revenue growth, with an increase of over 220,000% in the last twelve months as of Q3 2024. The stock has also experienced a substantial one-month price total return of 145.18% as of the same period.
Despite these impressive growth figures, the company operates with a high P/E ratio of 95.15, which may raise questions about the stock's valuation relative to its earnings. Additionally, Earth Science Tech's stock has been quite volatile, with significant price movements over the past months. This could indicate both opportunities and risks for traders and investors alike.
For those looking to delve deeper into Earth Science Tech's performance and potential, InvestingPro offers additional insights. There are 15 InvestingPro Tips available, including observations on the company's short-term obligations versus liquid assets and trading near its 52-week high. For those interested in exploring these tips further, they can visit InvestingPro and use the exclusive coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Investors may consider these metrics and tips as part of a broader analysis when evaluating Earth Science Tech's stock, especially in light of recent insider transactions.
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