Is Akerna Corp. overvalued or undervalued?

As of 14 November 2019, Akerna Corp. has moved from a grade of does not qualify to risky, indicating a deterioration in its valuation outlook. The company is overvalued given its negative valuation ratios, including a Price to Book Value of -10.00, an EV to EBIT of -3.73, and an EV to EBITDA of -6.44. Comparatively, peers such as Skillz, Inc. have a less negative EV to EBITDA of -0.3063, while WidePoint Corp. shows a significantly worse EV to EBITDA of 45.0649, highlighting the varied financial health within the sector.
Despite Akerna's impressive short-term stock performance, with a year-to-date return of 1746.77% compared to the S&P 500's 12.22%, the underlying financial metrics suggest that the stock is not supported by fundamentals, reinforcing its overvalued status.