(BSET) Bassett Furniture - Ratings and Ratios

Bassett Furniture Industries is a US-based manufacturer, marketer, and retailer of home furnishings, operating through two main segments: Wholesale and Retail Company-Owned Stores. The company has a long history dating back to 1902 and is headquartered in Bassett, Virginia. Bassett Furniture designs, sources, and distributes a wide range of furniture products, including dining, bedroom, and outdoor furniture, as well as home decorations and rugs, to a network of company-owned and licensee-owned stores, and independent retailers. The companys products are sold through various channels, including Bassett galleries or design centers, multi-line furniture stores, and online platforms.

From a business perspective, Bassett Furniture has a diversified revenue stream, with a mix of wholesale and retail operations. The companys ability to own and lease land, retail store properties, warehouses, and distribution centers provides a level of control over its supply chain and distribution network. With a strong brand presence and a wide range of products, Bassett Furniture is well-positioned to capitalize on trends in the US home furnishings market.

Analyzing the and , we can observe that Bassett Furnitures stock has shown a relatively stable trend, with a current price of 17.37. The stock is trading above its 200-day SMA (14.52) but below its 20-day SMA (17.72), indicating a potential short-term correction. The ATR (0.93) suggests a moderate level of volatility. From a fundamental perspective, the companys market capitalization is approximately 153.44M USD, with a forward P/E ratio of 20.20, indicating a relatively high valuation. The negative RoE (-3.96) is a concern, suggesting that the company is currently unprofitable.

Based on the available data, a forecast for Bassett Furniture Industries can be constructed. Given the companys current valuation and the negative RoE, it is likely that the stock will experience a short-term correction. However, if the company can return to profitability and improve its RoE, the stock may rebound. Using the , a potential support level can be identified around 16.49 (SMA50), while the suggests that a P/E ratio of 20.20 may be challenging to sustain in the long term unless the company improves its earnings. A potential forecast could be a short-term decline to around 16.00, followed by a rebound to 19.00 if the company reports improved earnings and returns to profitability.