SEACOR Marine Holdings Inc. (SMHI) Hit All-Time Low

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 Completes Installation of Hybrid Power Solution on SEACOR Maya in Gulf of Mexico; First Hybrid OSV Classed by ABS – Business Wire” on June 19, 2018, also Globenewswire.com with their article: “SEACOR Marine Holdings Inc. Begins Trading on NYSE as an Independent Public Company, Symbol “SMHI” – GlobeNewswire” published on June 02, 2017, Globenewswire.com published: “SEACOR Marine Announces Departure of Chief Operating Officer – GlobeNewswire” on July 12, 2019. More interesting news about SEACOR Marine Holdings Inc. (NYSE:SMHI) were released by: Businesswire.com and 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 as well as Businesswire.com‘s news article titled: “SEACOR Marine Expands Presence in Brazil Through the Formation of a New Joint Venture to Acquire UP Offshore – Business Wire” with publication date: December 20, 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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