Is micromobility.com, Inc. overvalued or undervalued?

As of 15 November 2021, the valuation grade for micromobility.com, Inc. moved from does not qualify to risky, indicating a deteriorating outlook. The company appears to be overvalued given its negative valuation metrics, including a Price to Book Value of -0.01, an EV to EBIT of -1.61, and an EV to EBITDA of -1.88. In comparison to peers, Seacor Marine Holdings, Inc. has a significantly higher EV to EBITDA of 27.0942, while ModivCare, Inc. shows a more favorable EV to Sales ratio of 9.7219.
The company's stock has performed poorly, with a year-to-date return of -71.29%, starkly underperforming the S&P 500's return of 12.22% during the same period. This significant underperformance, combined with the negative valuation ratios, reinforces the conclusion that micromobility.com, Inc. is overvalued.