Is Quantum Computing, Inc. overvalued or undervalued?

As of 20 November 2018, the valuation grade for Quantum Computing, Inc. moved from risky to does not qualify, indicating a significant deterioration in its financial standing. The company is currently considered overvalued based on its financial ratios and peer comparisons. Key ratios include a Price to Book Value of 8.74, an EV to EBIT of -63.23, and an EV to EBITDA of -73.59, all of which suggest substantial financial challenges.
In comparison to its peers, Quantum Computing, Inc. stands out with a notably negative EV to EBITDA ratio of -109.38, while Solaris Oilfield Infrastructure, Inc. is categorized as very expensive with a P/E of 52.87. Other peers like Blend Labs, Inc. and TruBridge, Inc. also reflect risky valuations, with P/E ratios of -21.48 and -40.64, respectively. Despite a remarkable 1-year stock return of 2943.48%, which far outpaces the S&P 500's 10.26%, the underlying financial metrics indicate that Quantum Computing, Inc. is overvalued at its current price of 17.50.