Stock Price Prediction

SMHI stock has recently shown a bearish trend, with a 3.8% decline on January 16, 2025, driven by broader shipping sector weakness. However, the company’s new $391 million loan agreement and vessel sales could improve its financial stability and growth potential. Bulls may target $10.50 in the short term, contingent on improved sector sentiment and operational execution.

SMHI stock currently trades near its pivot level of $6.90, with resistance at $7.17 and support at $6.63. The bearish view stems from its recent 3.8% decline, driven by weak shipping sector performance and limited momentum in technical indicators like RSI (49.73), which suggests a lack of strong upward pressure. Additionally, the company's high debt consolidation and reliance on vessel sales for liquidity raise concerns about its financial stability.