Is Sidus Space, Inc. overvalued or undervalued?

As of 9 February 2022, the valuation grade for Sidus Space, Inc. has moved from does not qualify to risky, indicating a significant shift in its financial outlook. The company appears to be overvalued given its current metrics, particularly with a Price to Book Value of 1.43 and an EV to Sales ratio of 6.83, which are concerning in the context of its negative earnings. Additionally, the Return on Capital Employed (ROCE) stands at a staggering -77.42%, and the Return on Equity (ROE) is at -101.89%, reflecting severe operational inefficiencies.
In comparison to its peers, Sidus Space, Inc. has a P/E ratio of -1.39, while Ondas Holdings, Inc. also shows a risky valuation with a P/E of -6.44. In contrast, BK Technologies Corp. is classified as very attractive with a P/E of 24.53, highlighting the disparity in valuation among companies in the sector. Given these ratios and the company's poor performance relative to the S&P 500, particularly a year-to-date return of -67.55% compared to the index's 2.44%, it reinforces the conclusion that Sidus Space, Inc. is overvalued at its current price of 1.59.