Is Remark Holdings, Inc. overvalued or undervalued?

As of 15 August 2022, the valuation grade for Remark Holdings, Inc. moved from expensive to risky, indicating a significant downgrade in its financial outlook. The company is currently assessed as overvalued given its negative financial metrics, including a Price to Book Value of -0.06 and an EV to EBITDA ratio of -2.27. Additionally, the company's return on equity (ROE) is negative, reflecting ongoing losses and a lack of profitability.
In comparison to its peers, Remark Holdings, Inc. stands out with a P/E ratio of -0.1037, while Next Technology Holding, Inc. has a P/E of -38.1654, and EzFill Holdings, Inc. shows a P/E of -15.5669, both indicating a challenging environment for these companies. The overall sentiment is reinforced by Remark's poor stock performance, with a year-to-date return of -48.97%, significantly underperforming the S&P 500's gain of 2.44% during the same period.