Jeff P. H. Cazeau, an independent director at Earth Science Tech, Inc. (OTC:ETST), has recently purchased shares of the company. According to the latest SEC filing, Cazeau acquired 71,091 shares of common stock on November 1, 2024, at a price of $0.14 per share. This transaction amounts to a total value of $9,952. Following this acquisition, Cazeau now holds 170,105 shares directly. All purchases were made on the open market.
In other recent news, Earth Science Tech, Inc. has been making strategic moves with acquisitions and a new brand launch. The Florida-based biotechnology company recently completed the purchase of Avenvi, LLC, a real estate holding entity, and Mister Meds, LLC, a Texas-based firm. Alongside these acquisitions, the company introduced Zoolzy, a brand offering specialized compounded medications for pets and wildlife.
In addition to these developments, Earth Science Tech has relocated its principal office to a new address in Miami, FL, adding approximately 1,125 square feet to the existing administrative space. The company also repurchased 11,545,898 shares of its common stock as part of a $5 million repurchase program set to expire on December 31, 2025.
In terms of executive changes, Earth Science Tech recently disclosed new compensatory arrangements for its top executives. CEO Giorgio R. Saumat and COO Mario G. Tabraue will receive eighteen percent and twelve percent of the company's monthly cash receipts, respectively, contingent upon the company's net profit growth. In a significant shift, COO Mario G. Tabraue will step down from all his current positions within the company's wholly-owned subsidiaries to focus solely on his responsibilities as COO. These are the recent developments within the company.
InvestingPro Insights
Jeff P. H. Cazeau's recent purchase of Earth Science Tech, Inc. (OTC:ETST) shares aligns with several positive indicators highlighted by InvestingPro. The company's stock has shown significant momentum, with a 163.64% price total return over the past year and a 45% return in the last six months. This upward trend supports the InvestingPro Tip that ETST has experienced a "large price uptick over the last six months."
Despite the recent gains, ETST's market capitalization stands at a modest $43.94 million, suggesting it's still a small-cap company with potential for growth. The company's P/E ratio of 24.23 indicates that investors are willing to pay a premium for its earnings, possibly due to growth expectations.
InvestingPro Tips also reveal that ETST has a perfect Piotroski Score of 9, which is a positive indicator of the company's financial strength and potential for future performance. Additionally, the company is profitable over the last twelve months, with a gross profit margin of 69.4% for the last twelve months as of Q1 2025, demonstrating strong operational efficiency.
It's worth noting that while the stock has shown volatility, as mentioned in another InvestingPro Tip, the company operates with a moderate level of debt and its cash flows can sufficiently cover interest payments. This financial stability may have contributed to Cazeau's decision to increase his stake in the company.
For investors interested in a more comprehensive analysis, InvestingPro offers 6 additional tips for ETST, providing a deeper understanding of the company's financial health and market position.
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