BSET Stock Summary and Trading Ideas (Bassett Furniture Industries | NASDAQ:BSET)

Bassett Furniture Industries Inc is a manufacturer, marketer, and retailer of home furnishings products in the United States. It operates through the following segments: The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products, the Retail segment which consists of company-owned stores, and the Corporate and others segment.

Bassett Furniture Industries trades on the NASDAQ stock market under the symbol BSET.

As of April 22, 2024, BSET stock price declined to $13.02 with 13,778 million shares trading.

BSET has a market cap of $114.84 million. This is considered a Micro Cap stock.

Last quarter Bassett Furniture Industries reported $87 million in Revenue and -$.14 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.14.

In the last 3 years, BSET stock traded as high as $37.00 and as low as $13.02.

The top ETF exchange traded funds that BSET belongs to (by Net Assets): VTI, VXF, DFAT, AVUV, DES.

BSET has underperformed the market in the last year with a price return of -5.8% while the SPY ETF gained +22.3%. BSET has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.2% and -8.2%, respectively, while the SPY returned +3.9% and -3.6%, respectively.

BSET support price is $12.79 and resistance is $13.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BSET stock will trade within this expected range on the day.