[Stock Prediction] How will SMCI close Wednesday 6/11 following their earnings?

Tiger_Earnings
11-04

Click to vote. Guess how $SUPER MICRO COMPUTER INC(SMCI)$ will close on Wednesday, November 6, following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.

Recently, Super Micro's stock price plummeted over 40% due to the sudden departure of Ernst & Young auditors, and it continues to decline. In late August, renowned short-selling firm Hindenburg accused Super Micro of "accounting manipulation." Although the company denied these claims, stating the report was "false and inaccurate," the situation worsened when the U.S. Department of Justice launched an investigation, leading to further damage to the stock price.

If Super Micro fails to submit its earnings report by mid-November, it risks being delisted from Nasdaq, potentially facing a complete exit from the market. According to analyst Ming-Chi Kuo from TF International Securities, past experiences indicate that auditor resignations are serious matters, and the likelihood of suspension or delisting for the stock is increasing. A report from FORTUNE suggested that Ernst & Young's exit might be related to concerns over the involvement of multiple family members in Super Micro's management, leading to complex financial transactions that alarmed the accounting department.

$SUPER MICRO COMPUTER INC(SMCI)$ is set to share its financial performance for the third quarter of 2024 after the bell on November 6 , 2024. According to Bloomberg analysts, the expected revenue for Q3 is $6.475 billion, with an adjusted EPS of $0.73.

💰Event Details

  • Click to vote. Guess where $SUPER MICRO COMPUTER INC(SMCI)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.

  • For example, If 10 Tigers get the right answer, each will receive 100 Tiger Coins. If 100 Tigers get the right answer, each will receive 10 Tiger Coins.

  • Share your bullish or bearish views on Super Micro's upcoming earnings report for a chance to win USD 5 stock vouchers!

⏰Event Duration

  • November 4, 2024 - November 6, 2024, at 04:00 AM

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How will SMCI close Wednesday 6/11?(Maximum1 votes)
  • Very Green (more than 20%)(60 votes)
  • Green (10% to 20%)(60 votes)
  • Flat (-10% to 10%)(115 votes)
  • Red (-20% to-10%)(59 votes)
  • Very Red (below-20%)(50 votes)
SMCI +40%: Is it a Comeback or a Dead Cat Bounce?
SMCI rebounds 16% on Monday and rises 40% in the overnight trading on Tuesday. ----------- Is it a comeback or a dead cat bounce? Will SMCI delist? Exit ASAP or not? What's your target price for SMCI?
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