Is Enservco Corp. overvalued or undervalued?

As of 15 November 2021, the valuation grade for Enservco Corp. moved from expensive to risky, indicating a significant shift in its financial outlook. The company is currently assessed as overvalued given its financial metrics, particularly with a Price to Book Value of 0.25 and an EV to EBITDA of 7.20. Notably, the Return on Capital Employed (ROCE) stands at -19.18%, and the Return on Equity (ROE) is a concerning -129.30%, reflecting poor profitability and financial health.
In comparison to its peers, Enservco Corp. has a less favorable position; for instance, Newpark Resources, Inc. is rated fair with a P/E of 17.68 and an EV to EBITDA of 11.22, while Diamond Offshore Drilling, Inc. is also rated risky with a P/E of -5.47 and an EV to EBITDA of 8.70. The company's recent stock performance shows a stark contrast with a 1-month return of 108.33%, significantly outpacing the S&P 500's 3.83%, yet this does not mitigate the overall valuation concerns.