Time to Buy SEACOR Marine Holdings Inc. (SMHI) After Reaching 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: Seekingalpha.com which released: “Nordic American Offshore’s Stock Could Double Within Months – Seeking Alpha” on April 22, 2019, also Globenewswire.com with their article: “SEACOR Marine Announces Departure of Chief Operating Officer – GlobeNewswire” published on July 12, 2019, Globenewswire.com published: “SEACOR Marine Announces Second Quarter 2019 Results NYSE:SMHI – GlobeNewswire” on August 07, 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 Benzinga.com‘s news article titled: “Tennessee River Closed To Barge Traffic Due To Flooding And Swift Currents – Benzinga” with publication date: February 25, 2019.

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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