BSET Stock Recent News

Here is how Bassett Furniture (BSET) and LiveOne (LVO) have performed compared to their sector so far this year.

Bassett (BSET) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Bassett (BSET) continues to impress investors with a 14% dividend increase.

Bassett Furniture, with 97 U.S. retail stores, and goods sold through various channels, is one of the oldest furniture makers in America. My proprietary momentum formulas are signaling an imbalance of buying vs. selling in the stock now exists.

The entire furniture industry has been in a correction and Basset Furniture (NASDAQ: BSET) was not immune. The correction was driven by historically high valuations, fear of slowing growth, peak-rebound, and a round of COVID-related shutdowns that had manufacturing in key hubs at a standstill.

Bassett (BSET) delivered earnings and revenue surprises of 80% and 9.65%, respectively, for the quarter ended May 2022. Do the numbers hold clues to what lies ahead for the stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here is how Bassett Furniture (BSET) and Cumulus Media (CMLS) have performed compared to their sector so far this year.