Is Data I/O Corp. overvalued or undervalued?

As of 25 April 2024, Data I/O Corp. has moved from a fair to a risky valuation grade, indicating a significant deterioration in its financial outlook. The company is currently considered overvalued given its negative performance metrics, including a P/E ratio that is not applicable due to losses, an EV to EBITDA ratio of -7.59, and a ROCE of -33.11%.
In comparison to its peers, Data I/O Corp. shows a less favorable position; for instance, KULR Technology Group has an EV to EBITDA of -11.28, while Rapid Micro Biosystems stands at -2.54. The company's current price of $2.84 is below its 52-week high of $3.14, reflecting a lack of investor confidence. Notably, while the stock has outperformed the S&P 500 over the past month with a return of 10.08%, its long-term performance remains concerning, with a 5-year return of -23.45%.