Super Micro Computer was slipping early Tuesday after an impressive run higher. The server maker has been rising sharply since it said it had appointed a new auditor and had a plan to submit earnings and prevent its delisting.

The stock jumped 15.9% today, meaning it's now doubled since Nov. 15. There was no company-specific news out on the stock today, but shares continued their march higher as investors seemed to believe the risk in the stock was significantly reduced since it filed to stay in compliance and hired a new auditor.

When I think about stocks with millionaire-maker potential, I typically envision fast-growing companies with small valuations -- two characteristics Super Micro Computer (NASDAQ: SMCI) has in spades.

Super Micro faces potential delisting should a Nasdaq plan to remain listed not be approved. Click here to read an analysis of SMCI stock now.

Super Micro Computer shares continued sliding in extended trading after leading Nasdaq decliners on Wednesday following news that the embattled server maker would delay the filing of its quarterly results.

That said, the stock is now trading with a market cap of about $15 billion. Even if the stated guidance is reduced by one-third and extrapolated for a full 12-month period, annual revenue would total more than $15 billion. That would result in a price-to-sales ratio of about 1, and that could be an interesting place to start an investment.

After scoring a record rally last week, the server maker’s stock was rallying toward a third straight double-digit percentage gain for the first time ever.

Super Micro Computer is gaining a reputation for being a volatile stock but this week takes the cake. Billionaire Ken Griffin Sold 91% of Citadel's Stake in Palantir and Nearly Tripled His Position in This Cutting-Edge Artificial Intelligence (AI) Stock Is the Worst Over for Super Micro Computer?

The stock fell 0.9% to $38.08 ahead of the open. Coming into the trading session, Super Micro shares are up 49% over the past 3 days, but remains well below their March high of ab

Considering all of this, is the worst over for Supermicro? Here are two crucial things to watch. Supermicro said on Nov. 18 that it hired BDO U.S.A. as its independent financial auditor, and the firm would immediately set to work on bringing the company into compliance.