Bassett Furniture Industries Stock Today

BSET Stock  USD 15.09  0.08  0.53%   

Performance

0 of 100

 
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Odds Of Distress

Less than 28

 
100  
 
Zero
Below Average
Bassett Furniture is selling for under 15.09 as of the 28th of March 2024; that is 0.53 percent increase since the beginning of the trading day. The stock's last reported lowest price was 15.02. Bassett Furniture has about a 28 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Bassett Furniture Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Consumer Durables & Apparel
IPO Date
1st of January 1987
Category
Consumer Cyclical
Classification
Consumer Discretionary
Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. Bassett Furniture Industries, Incorporated was incorporated in 1902 and is based in Bassett, Virginia. The company has 8.81 M outstanding shares of which 44.49 K shares are currently shorted by private and institutional investors with about 1.84 trading days to cover. More on Bassett Furniture Industries

Moving together with Bassett Stock

  0.72HOFT Hooker Furniture Report 12th of April 2024 PairCorr

Moving against Bassett Stock

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Bassett Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Bassett Furniture's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Bassett Furniture or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and President and DirectorRobert Spilman
Thematic IdeaFurniture (View all Themes)
Business ConcentrationHousehold Durables, Furnishings, Fixtures & Appliances, Consumer Discretionary, NASDAQ Composite, NASDAQ Composite Total, Furniture, Consumer Discretionary, Household Durables, Furnishings, Fixtures & Appliances, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Bassett Furniture report their recommendations after researching Bassett Furniture's financial statements, talking to executives and customers, or listening in on Bassett Furniture's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Bassett Furniture. The Bassett consensus assessment is calculated by taking the average forecast from all of the analysts covering Bassett Furniture.
Financial Strength
Based on the measurements of operating efficiency obtained from Bassett Furniture's historical financial statements, Bassett Furniture Industries is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Bassett Furniture is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.441.6394
Fairly Down
Pretty Stable
Gross Profit Margin0.630.6035
Sufficiently Up
Slightly volatile
Total Current Liabilities57.9 M89.6 M
Way Down
Slightly volatile
Non Current Liabilities Total131.7 M125.5 M
Sufficiently Up
Slightly volatile
Total Assets329.9 M426 M
Significantly Down
Slightly volatile
Total Current Assets122.7 M142.2 M
Fairly Down
Very volatile
Bassett Furniture's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Bassett Furniture's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Bassett Furniture's financial leverage. It provides some insight into what part of Bassett Furniture's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Bassett Furniture's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Bassett Furniture deploys its capital and how much of that capital is borrowed.
Liquidity
Bassett Furniture cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 116.18 M in liabilities with Debt to Equity (D/E) ratio of 0.54, which is about average as compared to similar companies. Bassett Furniture has a current ratio of 1.9, which is within standard range for the sector. Debt can assist Bassett Furniture until it has trouble settling it off, either with new capital or with free cash flow. So, Bassett Furniture's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bassett Furniture sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bassett to invest in growth at high rates of return. When we think about Bassett Furniture's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

5.33 Million
Bassett Furniture Industries (BSET) is traded on NASDAQ Exchange in USA. It is located in 3525 Fairystone Park Highway, Bassett, VA, United States, 24055 and employs 1,389 people. Bassett Furniture is listed under Household Durables category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 132.26 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bassett Furniture's market, we take the total number of its shares issued and multiply it by Bassett Furniture's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Bassett Furniture conducts business under Household Durables sector and is part of Consumer Discretionary industry. The entity has 8.81 M outstanding shares of which 44.49 K shares are currently shorted by private and institutional investors with about 1.84 trading days to cover. Bassett Furniture Industries currently holds about 84.58 M in cash with 18.72 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.24.
Check Bassett Furniture Probability Of Bankruptcy
Ownership Allocation
Bassett Furniture retains a total of 8.81 Million outstanding shares. Over half of Bassett Furniture's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Bassett Furniture. Please watch out for any change in the institutional holdings of Bassett Furniture as this could mean something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Bassett Ownership Details

Bassett Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Bassett Furniture jumping above the current price in 90 days from now is about 77.5%. The Bassett Furniture Industries probability density function shows the probability of Bassett Furniture stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.7307 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Bassett Furniture will likely underperform. Additionally, bassett Furniture Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 15.09HorizonTargetOdds Above 15.09
22.21%90 days
 15.09 
77.50%
Based on a normal probability distribution, the odds of Bassett Furniture to move above the current price in 90 days from now is about 77.5 (This Bassett Furniture Industries probability density function shows the probability of Bassett Stock to fall within a particular range of prices over 90 days) .

Bassett Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Bassett Furniture that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Bassett Furniture's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Bassett Furniture's value.
InstituionRecorded OnShares
Geode Capital Management, Llc2023-12-31
82.2 K
Bank Of New York Mellon Corp2023-12-31
78.9 K
Bridgeway Capital Management, Llc2023-12-31
74.4 K
American Century Companies Inc2023-12-31
64.1 K
Bank Of America Corp2023-12-31
48.8 K
Goldman Sachs Group Inc2023-12-31
47.3 K
Beacon Investment Advisors Llc2023-12-31
43 K
Aristides Capital Llc2023-12-31
37.2 K
State Street Corporation2023-12-31
31.4 K
Dimensional Fund Advisors, Inc.2023-12-31
739 K
Gamco Investors, Inc. Et Al2023-12-31
584.5 K
View Bassett Furniture Diagnostics

Bassett Furniture Historical Income Statement

Bassett Furniture Industries Income Statement is one of the three primary financial statements used for reporting Bassett's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Bassett Furniture revenue and expense. Bassett Furniture Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Bassett Furniture's Cost Of Revenue is comparatively stable compared to the past year. Net Income Applicable To Common Shares is likely to gain to about 78.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 130.1 M in 2024. View More Fundamentals

Bassett Stock Against Markets

Picking the right benchmark for Bassett Furniture stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Bassett Furniture stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Bassett Furniture is critical whether you are bullish or bearish towards Bassett Furniture Industries at a given time. Please also check how Bassett Furniture's historical prices are related to one of the top price index indicators.

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Our tools can tell you how much better you can do entering a position in Bassett Furniture without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Bassett Furniture Corporate Directors

Bassett Furniture corporate directors refer to members of a Bassett Furniture board of directors. The board of directors generally takes responsibility for the Bassett Furniture's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Bassett Furniture's board members must vote for the resolution. The Bassett Furniture board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
William WamplerIndependent DirectorProfile
Virginia HamletDirectorProfile
Howard HaworthIndependent DirectorProfile
Kristina CashmanIndependent DirectorProfile

How to buy Bassett Stock?

Before investing in Bassett Furniture, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Bassett Furniture. To buy Bassett Furniture stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Bassett Furniture. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Bassett Furniture stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Bassett Furniture Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Bassett Furniture Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Bassett Furniture Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Bassett Stock please use our How to Invest in Bassett Furniture guide.

Already Invested in Bassett Furniture Industries?

The danger of trading Bassett Furniture Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bassett Furniture is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bassett Furniture. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bassett Furniture is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Bassett Furniture is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Bassett Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Bassett Furniture Industries Stock. Highlighted below are key reports to facilitate an investment decision about Bassett Furniture Industries Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Bassett Furniture information on this page should be used as a complementary analysis to other Bassett Furniture's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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When running Bassett Furniture's price analysis, check to measure Bassett Furniture's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bassett Furniture is operating at the current time. Most of Bassett Furniture's value examination focuses on studying past and present price action to predict the probability of Bassett Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bassett Furniture's price. Additionally, you may evaluate how the addition of Bassett Furniture to your portfolios can decrease your overall portfolio volatility.
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Is Bassett Furniture's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bassett Furniture. If investors know Bassett will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bassett Furniture listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.95)
Dividend Share
0.68
Earnings Share
(0.36)
Revenue Per Share
44.411
Quarterly Revenue Growth
(0.22)
The market value of Bassett Furniture is measured differently than its book value, which is the value of Bassett that is recorded on the company's balance sheet. Investors also form their own opinion of Bassett Furniture's value that differs from its market value or its book value, called intrinsic value, which is Bassett Furniture's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bassett Furniture's market value can be influenced by many factors that don't directly affect Bassett Furniture's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bassett Furniture's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bassett Furniture is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bassett Furniture's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.