Is Greenwave Technology Solutions, Inc. overvalued or undervalued?

As of 5 July 2022, the valuation grade for Greenwave Technology Solutions, Inc. moved from expensive to risky, indicating a significant deterioration in its financial standing. The company is currently deemed overvalued given its negative earnings and poor financial ratios, including a Price to Book Value of 0.35 and an EV to EBITDA of -1.85. The Return on Capital Employed (ROCE) stands at -43.47%, and the Return on Equity (ROE) is a staggering -106.22%, highlighting severe operational inefficiencies.
In comparison to its peers, Greenwave's valuation metrics are alarming. For instance, SilverSun Technologies, Inc. has a P/E ratio of 318.49, while Ashford, Inc. is also categorized as risky with a P/E of -4.30. The stark contrast in performance and valuation suggests that Greenwave is not only underperforming but is also at a higher risk of further declines. The company's stock has significantly lagged behind the S&P 500, with a year-to-date return of -74.66% compared to the index's 2.44%, reinforcing the notion that it is overvalued in its current state.