Bassett Furniture Industries, Incorporated (NASDAQ:BSET) has a beta value of 1.49 and has seen 909,400 shares traded in the last trading session. The company, currently valued at $70.18 Million, closed the last trade at $7.03 per share which meant it gained $0.6 on the day or 9.84% during that session. The BSET stock price is -159.46% off its 52-week high price of $18.24 and 39.54% above the 52-week low of $4.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 301.89 Million shares traded. The 3-month trading volume is 140.77 Million shares.
The consensus among analysts is that Bassett Furniture Industries, Incorporated (BSET) is a Hold stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 1 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.55.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET) trade information
Sporting 9.84% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jun 26 when the BSET stock price touched $7.19-2 or saw a rise of 2.23%. Year-to-date, Bassett Furniture Industries, Incorporated shares have moved -57.85%, while the 5-day performance has seen it change 5.71%. Over the past 30 days, the shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) have changed 3.84%. Short interest in the company has seen 285.6 Million shares shorted with days to cover at 2.03.
Wall Street analysts have a consensus price target for the stock at $7.5, which means that the shares’ value could jump 6.69% from current levels. The projected low price target is $5 while the price target rests at a high of $10. In that case, then, we find that the current price level is +42.25% off the targeted high while a plunge would see the stock lose -28.88% from current levels.
Bassett Furniture Industries, Incorporated (BSET) estimates and forecasts
Figures show that Bassett Furniture Industries, Incorporated shares have underperformed across the wider relevant industry. The company’s shares have lost -58.4% over the past 6 months, with this year growth rate of -242.22%, compared to -27.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -1475% and -181% for the next quarter. Revenue growth from the last financial year stood is estimated to be -28.5%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -17.2% over the past 5 years. Earnings growth for 2020 is a modest -121% while over the next 5 years, the company’s earnings are expected to increase by 16%.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET)’s Major holders
Insiders own 6.74% of the company shares, while shares held by institutions stand at 67.16% with a share float percentage of 72.01%. Investors are also buoyed by the number of investors in a company, with Bassett Furniture Industries, Incorporated having a total of 121 institutions that hold shares in the company. The top two institutional holders are Gamco Investors Inc with over 882.95 Thousand shares worth more than $4.81 Million. As of March 30, 2020, Gamco Investors Inc held 8.84% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 859.13 Thousand shares as of March 30, 2020. The firm’s total holdings are worth over $4.68 Million and represent 8.61% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are EQ Advisors Trust-1290 VT Gamco Small Company Value Port and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 3.36% shares in the company for having 335000 shares of worth $1.83 Million while later fund manager owns 259.3 Thousand shares of worth $1.41 Million as of March 30, 2020, which makes it owner of about 2.6% of company’s outstanding stock.