Is Akoustis Technologies, Inc. overvalued or undervalued?

As of 13 September 2019, the valuation grade for Akoustis Technologies, Inc. has moved from does not qualify to risky. The company is currently considered overvalued given its negative performance metrics and ratios. The P/E ratio stands at -0.0003, while the EV to EBITDA ratio is -0.95, indicating significant financial distress. Additionally, the ROE is negative, reflecting poor returns on equity.
In comparison to its peers, Akoustis Technologies is underperforming significantly. For instance, PowerFleet, Inc. has a P/E ratio of -17.32, and AudioCodes Ltd. boasts a P/E of 15.92, highlighting the stark contrast in valuation. The company's stock has seen a staggering decline of 99.92% over the past year, while the S&P 500 has returned 10.26% in the same period, further emphasizing the overvaluation concern.