I expect the stock price to recover to around $30. If the company manages to release its Q3 earnings report on time, the stock could see further gains. However, if the report includes significant revisions to previous earnings, the market may react negatively, causing the stock price to drop. At this stage, the key is to wait for the earnings release and the market’s response.
$超微电脑(SMCI)$ When SMCI stock price plummeted to the low $20s, it had completely deviated from the company’s intrinsic value, with a P/E ratio of only 10. During the peak of market panic, I seized the opportunity to buy some call options. Two days ago, I closed my position, securing a 198% return.
Modified in.03:45
SMCI Jumps on New Auditor: Will it Return to $30?
SMCI rebounds 16% on Monday and rises another 30% on Tuesday as the company jumps on compliance plan and new auditor.
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