In a recent transaction, Mario Guillermo Tabraue, the Chief Operating Officer (COO) of Earth Science Tech, Inc. (OTCMKTS:ETST), has increased his stake in the company through the purchase of additional shares. On June 27, Tabraue acquired 20,000 shares of Earth Science Tech's common stock at a price of $0.23 per share, amounting to a total investment of $4,600.
This acquisition was executed on the open market, as specified in the company's filing, and reflects a vote of confidence from one of its top executives. Following the transaction, Tabraue's ownership in the company has reached a total of 12,311,023 shares of common stock.
Investors often monitor insider buying and selling as it can provide insights into an executive's perspective on the company's future performance. Tabraue's purchase could be interpreted as a positive signal, suggesting that the COO believes in the company's potential and value.
Earth Science Tech, based in Miami, Florida, operates in the pharmaceutical preparations industry under the SIC code 2834. The company, formerly known as Ultimate Novelty Sports Inc., underwent a name change in December 2011 and is incorporated in Nevada.
The stock trades on the OTC Markets under the ticker symbol ETST, and interested parties can follow its performance to gauge the impact of insider transactions on market sentiment and the company's stock price.
InvestingPro Insights
As Earth Science Tech's COO Mario Guillermo Tabraue increases his stake in the company, data from InvestingPro provides a deeper look into the financial metrics that may be influencing insider confidence. With a market capitalization of $65.1M, Earth Science Tech is a smaller player in the pharmaceutical preparations industry, yet its financials reveal some intriguing aspects. The company's P/E ratio stands at a high 229.17, which might typically suggest an overvalued stock, but it's important to consider this in light of the company's recent explosive revenue growth of 220377.89% over the last twelve months as of Q3 2024.
The significant revenue increase is mirrored in the company's price performance, with an impressive 411.63% one-year price total return. This aligns with one of the InvestingPro Tips that highlights the stock's strong return over the last year. Such growth could be a contributing factor to Tabraue's decision to invest further, betting on continued upward momentum. Additionally, Earth Science Tech's stock has experienced substantial price volatility, which is consistent with another InvestingPro Tip noting the stock's high price volatility.
For investors seeking a more comprehensive analysis, there are 12 additional InvestingPro Tips available at https://www.investing.com/pro/ETST, which can provide further insights into Earth Science Tech's financial health and stock performance. Using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription to InvestingPro, unlocking a wealth of information to inform investment decisions.
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