Is Spire Global, Inc. overvalued or undervalued?

As of 24 May 2021, the valuation grade for Spire Global, Inc. has moved from does not qualify to risky. Based on the analysis, the company appears to be overvalued. Key ratios indicate significant financial distress, with a Price to Book Value of 67.10, an EV to EBITDA of -10.09, and a ROE of -1587.09%.
When compared to peers, Spire's performance is notably poor; for instance, AdTheorent Holding Co., Inc. has a P/E ratio of 243.83, while RADCOM Ltd. is considered attractive with a P/E of 23.25. Additionally, Spire's stock has underperformed against the S&P 500, with a year-to-date return of -31.13% compared to the index's 2.44%. This combination of high valuation ratios and poor relative performance suggests that Spire Global is not a favorable investment at this time.