Is Akoustis Technologies, Inc. overvalued or undervalued?
As of July 8, 2024, Akoustis Technologies, Inc. has deteriorated to a "does not qualify" valuation grade due to being overvalued with a P/E ratio of 0.0000 and a -100% return year-to-date, contrasting sharply with its peer PCTEL, Inc., which has a fair rating and a P/E of 31.3254.
As of 8 July 2024, the valuation grade for Akoustis Technologies, Inc. moved from risky to does not qualify, indicating a significant deterioration in its investment appeal. The company is overvalued, given its current metrics, including a P/E ratio of 0.0000, an EV to EBITDA ratio of -0.95, and an EV to Sales ratio of 1.25, which highlight its financial struggles. In comparison to peers, PCTEL, Inc. is rated as fair with a P/E of 31.3254 and an EV to EBITDA of 15.9393, underscoring the stark contrast in valuation between the two companies. Additionally, Akoustis has experienced a staggering -100% return year-to-date and over the past year, while the S&P 500 has returned 12.22% and 17.14%, respectively, further reinforcing its overvalued status.
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