Shares of Super Micro Computer extended their 2024 swoon on Wednesday, with the stock dropping after the company said it would not submit fiscal first-quarter results in a timely manner.

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.

Super Micro Computer stock could get delisted soon—and investors who own shares must decide whether to continue holding the stock.Why could Super Micro get delisted? It delayed filing its 10-K for the fiscal year ended June 30,