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. ----------- Is it a comeback or a dead cat bounce? Will SMCI delist? Exit ASAP or not? What's your target price for SMCI?

avatarJC888
11-20 22:10

SMCI Rose +31% but Still In Danger !

The Comeback Kid ? $SUPER MICRO COMPUTER INC(SMCI)$ stock have staged a ‘remarkable recovery’ of sort since Fri, 15 Nov 2024. On Tue, 19 Nov 2024, it soared as the server maker’s plan to stay listed on the Nasdaq exchange appeared to soothe investors. In just over 2 days, it has re-gained $9.69 or +52.15% to $28.27 per share: (see below) By end Monday, it rose by +15.93% ($2.96). By end Tuesday, it rose by +31.24% ($6.73). SMCI bottomed last Thu, 14 Nov 2024 at $18.01 per share. By Fri, 15 Nov 2024, it added $0.57 to its Thursday closing price. When trading resumed this week, it climbed exponentially. According to Dow Jones Market Data, SMCI shares were on pace for their largest percentage increase since Feb. 22. Based on Tuesday performance, the
SMCI Rose +31% but Still In Danger !
$超微电脑(SMCI)$  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. 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.
avatarTigerClub
11-20 17:17

🎁What the Tigers Say | SMCI Jumps on New Auditor: Will it Return to $30?

SMCI has been making headlines with a dramatic rebound—surging 16% on Monday and climbing another 30% on Tuesday. The company’s announcement of a compliance plan and the appointment of a new auditor have sparked investor optimism.But is this the beginning of a true turnaround or just a temporary bounce?Will SMCI face delisting risks, or is now the time to hold steady?What’s your take—exit now or set your sights on a target price for SMCI?🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution.Click titles to read the full analysis:1. @TIGER V: SMCI: Poised for a C
🎁What the Tigers Say | SMCI Jumps on New Auditor: Will it Return to $30?
$SUPER MICRO COMPUTER INC(SMCI)$  yes for sure it will go up back
avatarjethro
11-20 11:33
$SUPER MICRO COMPUTER INC(SMCI)$   Super Micro Computer (SMCI) has taken a significant step towards regaining investor confidence and compliance with Nasdaq listing requirements by appointing a new auditor, BDO USA, and submitting a detailed compliance plan. These actions have sparked a rally in SMCI's stock, indicating a shift in investor sentiment. The New Auditor: A Pivotal Step The appointment of BDO USA, a highly respected accounting firm, is a crucial move in SMCI's efforts to restore its financial reporting integrity. The resignation of Ernst & Young in October, amidst allegations of accounting irregularities and potential export control violations, had created significant uncertainty for investors. S
avatarSpiders
11-20 22:24

SMCI Stock Rally: A Cautious Perspective on Temporary Gains

The SMCI stock price saw an uptick on Monday and Tuesday, attributed to the announcement of a compliance plan and the appointment of a new auditor. While this news may have temporarily boosted investor sentiment, I personally don't see it as a compelling reason to buy the stock just yet. Here's why: Impact on Fundamentals: These developments, while positive in terms of governance and regulatory compliance, do not directly address the company's core financial performance or operational challenges. For me, any investment decision must be grounded in substantial improvements in earnings, revenue growth, or market positioning, none of which appear to have changed based on this news. Market Overreaction: Stock markets often react strongly to news that has limited long-term impact. In this case,
SMCI Stock Rally: A Cautious Perspective on Temporary Gains
avatarOptionsAura
11-19 15:01

SMCI Volatility Soars: Is a Shorting Opportunity Emerging?

On November 18, Super Micro Computer (SMCI) announced that it has hired BDO, the world's fifth-largest accounting firm, as its independent auditor and submitted a compliance plan to Nasdaq to meet listing requirements. This move aligns with Nasdaq's regulatory expectations for listed companies and aims to bolster investor confidence in SMCI's future compliance.SMCI expects to file its annual report for the period ending June 30 and its quarterly report for the period ending September 30. During Nasdaq's "review of the compliance plan," the company will remain listed on the exchange.In a statement, SMCI CEO Charles Liang emphasized:"This is a critical step in updating our financial statements and demonstrates our commitment to operating with rigor and urgency."Back in August, SMCI failed to
SMCI Volatility Soars: Is a Shorting Opportunity Emerging?
avatarTiger V
11-19 11:57

SMCI: Poised for a Comeback Amid Nasdaq Compliance Efforts

Overview of Market Performance Super Micro Computer, Inc. (SMCI) $SUPER MICRO COMPUTER INC(SMCI)$   saw its stock soar by an impressive 15% on Monday, driven by renewed investor confidence following the company’s strategic steps to address its compliance issues with Nasdaq. The appointment of BDO USA, P.C. as its independent auditor and the submission of a detailed compliance plan signaled the company’s commitment to meeting regulatory requirements. This news catalyzed a surge in trading activity, particularly in options markets, reflecting heightened interest and speculative positioning by investors. Options Trading Heats Up Call Contracts Activity: The most actively traded calls were for a strike price of
SMCI: Poised for a Comeback Amid Nasdaq Compliance Efforts
avatarWanEH
11-20 23:35
it's overvalued and I think it's the time for correction. don't think can back to previous high
avatarBK99
11-20 21:35
$SUPER MICRO COMPUTER INC(SMCI)$  Just buy and stock up ! Profits will follow patience !
avatarMicroStrategist
11-20 18:11
Stick with Saylor!! 🚀🚀🚀🚀🚀🌙🌙🌙🌙🌙😍😍😍😍😍😍
avatarhighhand
11-20 18:33
here I am again commenting on SMCI.  If SMCI goes up to 30... just buy put 6 months out and wait for it to drop. not recommendation, just entertainment. [Happy]
avatarOptionspuppy
11-20 19:32
Not sure will be extended on nasdaq or delist
avatarMadluvyz
11-20 00:05
$SUPER MICRO COMPUTER INC(SMCI)$   Selling a 17/16 put spread on SMCI 20 Dec expiry.  Clear indicators of a bounceback, 17 is at the lowest support lvl at the nearest bottom regression line.  My rule of thumb, at lest 20% profit from every trade.  [Miser]   In this trading game for the long run. @madluvyz - Specialist in sell options trading and swing trading.
avatar100plus
11-20 06:53
$SUPER MICRO COMPUTER INC(SMCI)$  short term and long term I believe it will surge. If they manage to overcome all the issues, when good news announced. It will skyrocket. 
avatarxc_hehe
11-17

SMCI Continues to Decline: Heading for $10?

Super Micro Computer, Inc. (SMCI) finds itself in turbulent waters as it faces significant uncertainty. The company’s delay in releasing its quarterly report for the period ending September 30, coupled with the resignation of its auditor, has amplified market concerns. These developments raise two critical questions for investors: Is SMCI on the path to delisting, and should shareholders exit now?[Cry] The Fallout from Delayed Reporting A delay in financial reporting often signals deeper issues within a company: Internal Review Concerns: SMCI’s decision to delay reporting indicates potential discrepancies or governance issues that demand scrutiny. Auditor Resignation: The abrupt departure of an auditing firm heightens fears of financial irregularities, further eroding investor confidence.
SMCI Continues to Decline: Heading for $10?
avatarhighhand
11-19 19:50
$SUPER MICRO COMPUTER INC(SMCI)$   This is dead cat dead dog dead mouse bounce. Once there's a whiff of accounting fraud, this stench will never go away...  Even if its not true, why entangle yourself in this complicated web. I can invest or trade safely other stocks.  However, if you feel like gambling, can buy some puts or calls to limit your risk and have some fun. Not worth i think since volatility is high, and premiums and expensive, but just an idea. 
$SUPER MICRO COMPUTER INC(SMCI)$  Definitely not a dead cat bounce. It is still a legit company with strong revenue and growth prospects. Take this opportunity to accumulate a position. But still do your own DD!
avatarAussie Pete
11-19 12:00
$SUPER MICRO COMPUTER INC(SMCI)$  DOA! I fail to see how a new auditor will turn around months of anti-stratospheric declines. The AUDITOR?!? The mob everybody is indirectly throwing  money at with absolute confidence they can unpack SMCI's labyrinthine accounts and steer them back to the path of righteousness? What no auditor before them could. Honestly, the amount of dumb money rolling around the xchanges disgusts me considering billions of people we share the planet with can barely earn enough to eat.