Is Intellicheck, Inc. overvalued or undervalued?

As of 4 May 2021, Intellicheck, Inc. has moved from an attractive to a risky valuation grade. The company is currently considered overvalued given its negative performance indicators and high valuation ratios. Notably, the price-to-book value stands at 6.69, while the EV to EBITDA ratio is an alarming -112.73, indicating significant losses relative to its enterprise value.
In comparison to its peers, Gorilla Technology Group, Inc. has a more favorable valuation with an EV to EBITDA of 17.0028, while GAN Ltd. also shows a risky valuation with an EV to EBITDA of 22.4895. Intellicheck's return metrics further illustrate its volatility, with a year-to-date return of 92.50%, significantly outperforming the S&P 500's 2.44%. However, the overall financial health and valuation ratios suggest that the company is not positioned favorably in the market.