Is Airship AI Holdings, Inc. overvalued or undervalued?

As of 10 August 2023, the valuation grade for Airship AI Holdings, Inc. moved from expensive to risky, indicating a shift in perception regarding its market value. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of -19.171 and an EV/EBITDA of -20.0565, both of which significantly underperform relative to industry standards. Additionally, the absence of a PEG ratio suggests a lack of growth prospects, further supporting the overvaluation stance.
In comparison to its peers, Airship AI Holdings, Inc. is notably less favorable, with its P/E and EV/EBITDA ratios indicating substantial risk. For instance, while the industry may have healthier valuations, Airship's metrics reflect a concerning financial position. Despite a strong one-year stock return of 121.48%, which outperformed the S&P 500's 17.14%, the longer-term performance shows a decline of 42.73% over three years, highlighting volatility and potential instability in its valuation.