Super Micro Computer stock has seen big ups and big downs. It’s still on track to finish the year higher than when it started.Shares retreated 1.1% in premarket trading to $33.38 after slipping 1.7% on Thursday.

Though Supermicro has offered investors some signs of a turnaround in recent weeks, the company just got another bit of negative news last week: It will be exiting the Nasdaq 100 Index as of Dec. 23. This is part of the index's rebalancing, a time when certain stocks are added or removed.

Shares of Super Micro Computer Inc. SMCI rose 5.96% to $34.33 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.10% to 6,040.

For investors, the key question is whether management will be able to remove the doubts about the company’s finances when it does publish its earnings.

Financial writer discusses Super Micro Computer's drastic stock drop, accounting scandal, and limited upside potential despite overcoming challenges.