Is Golden Arrow Merger Corp. overvalued or undervalued?

As of 23 July 2024, the valuation grade for Golden Arrow Merger Corp. has moved from does not qualify to risky, indicating a significant shift in its financial standing. The company is currently deemed overvalued, given its negative financial ratios, including a P/E ratio of NA due to losses, a Price to Book Value of -0.38, and an EV to EBITDA of -0.52. These figures highlight the company's struggles and lack of profitability.
In comparison to its peers, Golden Arrow's valuation metrics are starkly unfavorable. For instance, Armada Acquisition Corp. has an EV to EBITDA of -140.48, while Sizzle Acquisition Corp. shows an EV to EBITDA of -90.30, both indicating severe financial distress. The company's recent stock performance has also been poor, with a year-to-date return of -78.01%, contrasting sharply with the S&P 500's 2.44% gain during the same period. This further reinforces the notion that Golden Arrow Merger Corp. is currently overvalued in the market.