Super Micro Computer Stock Has Soared Almost 100% in the Past Month. Is a Bigger Rally Coming?

Super Micro Computer (NASDAQ: SMCI) has been one of the hottest stocks to own during the past month. Since plummeting to $18 a month ago, the stock has rallied in a big way -- almost doubling in value, closing at over $33 on Dec.17. Investor sentiment has done a complete reversal as concerns have seemingly evaporated about the company's auditor resigning (it has since found a new one), as well as around the state of its financials after it delayed filing it's annual report. As a result, the bulls are back.Shares of the tech company, however, are still down more than 70% from its 52-week high of $122.90. Given the renewed optimism surrounding the stock, could this be just the start of a much bigger rally?Not only has Supermicro's stock price been soaring of late, but trading volumes have also increased significantly. This can be a positive sign, putting the stock on the radar of more investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool