Super Micro Computer Stock Is Rebounding Today. Is It Time to Buy?

Super Micro Computer (NASDAQ: SMCI) stock has been in free fall for the last six months. A myriad of issues related to its accounting practices have spooked investors. After the company announced it would have to delay the release of its 10-K annual report for its fiscal 2024 ended June 30, it also faced the possibility of its stock being delisted from the Nasdaq Stock Exchange.It has now hit the deadline for a Nasdaq delisting, but today it is planning a filing that could result in the company avoiding being delisted, reports Barron's. That has led to a spike in shares today, to the tune of 17.5% as of 12:30 p.m. ET. Though the stock is still lower by about 75% in the last six months.If the company does indeed manage to avoid being delisted from the major exchange, it is certainly good news for shareholders. So it makes sense that investors sent shares soaring today. But that isn't the end of the company's problems.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool