Is Spectral AI, Inc. overvalued or undervalued?

As of 14 November 2023, the valuation grade for Spectral AI, Inc. has moved from does not qualify to risky, indicating a shift in perception regarding its financial health. The company appears to be overvalued given its negative valuation ratios, including an EV to EBITDA of -9.34 and an EV to Sales ratio of 1.52, which suggest that the market may be pricing in more value than the company currently possesses. Additionally, the Price to Book Value stands at -31.67, further emphasizing the financial challenges faced by the company.
In comparison to its peers, Spectral AI, Inc. has a less favorable EV to EBITDA ratio than Verb Technology Co., Inc. at -49.7264 and Eightco Holdings, Inc. at -45.0204, highlighting its relative underperformance. The company's recent stock performance shows a 1-year return of 88.89%, significantly outperforming the S&P 500's 17.14%, but its year-to-date return of -21.91% contrasts sharply with the S&P 500's 12.22%, suggesting volatility and potential investor concerns. Overall, Spectral AI, Inc. is currently overvalued based on its financial metrics and peer comparisons.