Every Super Micro Computer Stock Investor Should Keep an Eye on This Number

Super Micro Computer (NASDAQ: SMCI) stock has taken investors on a wild ride over the last year. The company's share price rocketed higher in conjunction with soaring demand for its high-performance rack servers for artificial intelligence (AI), hitting a split-adjusted stock price of $118.81 in March of last year. But the good times didn't last.Along with some potential performance red flags in its earnings reports, Supermicro stock saw dramatic valuation pullbacks as concerns were raised about accounting practices at the company. The day after now-defunct short-selling firm Hindenburg Research published bearish coverage on the stock and alleged repeated accounting violations, the AI hardware specialist announced it was delaying its annual 10-K report. Then, Ernst & Young stepped down as the company's financial auditor in October. Supermicro has since hired BDO to handle its auditing and has said that it will finally file its delayed 10-K report by Feb. 25. But, at the time of this writing, the company's share price is now down roughly 77% from its high. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool