After two straight days of selling, Super Micro stock is wavering in Thursday morning trading. Shares might look cheap enough to draw in some buyers despite a pair of issues weighing on the stock. The stock might avoid being delisted from the Nasdaq stock exchange—but it looks destined to be removed from the Nasdaq 100 index.

Super Micro’s stock rallies after Nasdaq extends the deadline for financial filings, but the stock is still being weighed down by an accounting overhang.

Super Micro Computer Chief Executive Charles Liang on Tuesday said he is confident the technology company's stock will not be delisted from the Nasdaq.