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Super Micro Risks Nasdaq Delisting Amid Auditor Search

1 min read
Source: TipRanks
Super Micro Risks Nasdaq Delisting Amid Auditor Search
Photo: TipRanks
TL;DR

Super Micro Computer (SMCI) risks being delisted from the Nasdaq exchange if it fails to file necessary financial documents by November 18, amid an ongoing accounting scandal. The company's stock has plummeted 72% in three months following accusations of accounting malfeasance and the resignation of its auditor. Despite a previous surge due to its role in the AI boom, SMCI's stock is now down 38% for the year. Analysts currently rate the stock as a Hold, with a potential upside if compliance is achieved.

Topics:top-newsbusiness#accounting-scandal#business#delisting#nasdaq#stock-market#super-micro-computer
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  1. Super Micro Computer (SMCI) Faces Possible Delisting from Nasdaq Exchange  TipRanks
  2. Super Micro faces deadline to keep Nasdaq listing after 85% plunge in stock  CNBC
  3. Super Micro Stock In Spotlight As Delisting Deadline Nears  Investor's Business Daily
  4. Is Anyone Crazy Enough to Audit Super Micro Computer?  The Wall Street Journal
  5. Super Micro Needs Auditor to Avoid Nasdaq. Accounting Firms Could Be Wary of the Job.  Barron's

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