Is SEACOR Marine Holdings Inc. (SMHI) a Sell? The Stock Reaches All-Time Low Today

The stock of SEACOR Marine Holdings Inc. (NYSE:SMHI) reached all time low today, Aug, 15 and still has $10.76 target or 5.00 % below today’s $11.33 share price. This indicates more downside for the $241.23M company. This technical setup was reported by Barchart.com. If the $10.76 PT is reached, the company will be worth $12.06M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 5.11% or $0.61 during the last trading session, reaching $11.33. About 14,738 shares traded. SEACOR Marine Holdings Inc. (NYSE:SMHI) has 0.00% since August 15, 2018 and is . It has by 0.00% the S&P500.

More notable recent SEACOR Marine Holdings Inc. (NYSE:SMHI) news were published by: Businesswire.com which released: “SEACOR Marine Director Evan Behrens Announces Decision to Resign from Board of Directors – Business Wire” on April 10, 2019, also Businesswire.com with their article: “SEACOR Marine Announces Closing of Transaction with Carlyle for the Exchange and Amendment of Convertible Notes – Business Wire” published on May 02, 2018, Businesswire.com published: “SEACOR Marine Enters Agreement to Acquire Three Additional Platform Supply Vessels from Affiliates of COSCO Shipping Group – Business Wire” on January 16, 2019. More interesting news about SEACOR Marine Holdings Inc. (NYSE:SMHI) were released by: Seekingalpha.com and their article: “Sailing Higher With A 35% Discount To Net Book Value: Seacor Marine Holdings – Seeking Alpha” published on June 14, 2017 as well as Seekingalpha.com‘s news article titled: “Is SEACOR Marine Holdings A Buy? – Seeking Alpha” with publication date: January 24, 2018.

SEACOR Marine Holdings Inc. provides marine and support transportation services to offshore gas and oil exploration, development, and production facilities worldwide. The company has market cap of $241.23 million. It operates a fleet of offshore support and specialty vessels that deliver cargo and personnel to offshore installations; handle anchors and mooring equipment required to tether rigs to the seabed; tow rigs and assist in placing them on location and moving them between regions; and carry and launch equipment used underwater in drilling and well installation, maintenance, and repair. It currently has negative earnings. The firm is headquartered in Houma, Louisiana.

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