Wondering where Super Micro Computer’s stock is heading? It might be helpful to look at the shares’ journey to this moment.The stock market tends to have a short memory, focusing more on the future than the past.

Analysts at Mizuho fear that the lack of an auditor (and possible challenges in getting a new one) could lead to a delisting from the Nasdaq exchange. This could dramatically reduce Supermicro's liquidity by forcing it to trade over the counter, a designation that could make shares harder to access, likely hurting the company's valuation.