Is QuickLogic Corp. overvalued or undervalued?

As of 11 November 2024, QuickLogic Corp. has moved from an attractive to a risky valuation grade. The company appears to be overvalued given its negative financial metrics, including a Price to Book Value of 3.42, an EV to EBIT of -16.33, and an EV to EBITDA of -65.02. In comparison to its peers, QuickLogic's valuation ratios are less favorable; for instance, Kopin Corp. has a P/E ratio of -26.29 and an EV to EBITDA of -24.41, while Arteris, Inc. shows an EV to EBITDA of -12.05.
The stock has experienced a significant decline year-to-date, with a return of -46.46%, compared to a positive 12.22% return for the S&P 500, indicating underperformance relative to the broader market. This trend reinforces the notion that QuickLogic is currently overvalued.