Is LogicMark, Inc. overvalued or undervalued?

As of 15 November 2016, LogicMark, Inc. has moved from a grade of "does not qualify" to "risky." The company is currently considered overvalued, given its significant financial challenges and negative performance indicators. The P/E ratio is not applicable due to the company being loss-making, while the Price to Book Value stands at 0.11, indicating a low valuation relative to its assets. Additionally, the EV to EBITDA ratio is 2.03, which is concerning given the company's negative capital employed and ROE of -35.17%.
In comparison to its peers, LogicMark, Inc. has a P/E ratio of -0.2706, while Allot Ltd. shows a much higher P/E of -94.7145, and Iteris, Inc. is classified as expensive with a P/E of 221.3691. The stark contrast in performance metrics highlights the precarious position of LogicMark within its industry. Furthermore, the company's stock has dramatically underperformed against the S&P 500, with a year-to-date return of -99.74% compared to the S&P 500's 2.44%, reinforcing the view that LogicMark is overvalued.