Bassett Furniture Industries Inc (NASDAQ: BSET). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Recent notable negative changes in fundamentals have affected Bassett Furniture Industries Inc (NASDAQ: BSET): the consensus estimate for November, 2024 decreased significantly, and the consensus estimate for November, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BSET is expected to be a modest Value Builder.
Bassett Furniture Industries has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Bassett Furniture Industries has a slightly positive Appreciation Score of 62 and a slightly positive Power Rating of 62, resulting in the High Neutral Value Trend Rating.
Recent Price Action
Bassett Furniture Industries Inc (NASDAQ: BSET) stock declined modestly by -1.0% on 3/5/24. The stock closed at $15.34. However, trading volume in this decline was exceptionally low at 39% of normal. The stock has been strong relative to the market over the last nine months but has declined -2.0% during the last week.
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