Is T Stamp, Inc. overvalued or undervalued?

As of 10 November 2022, the valuation grade for T Stamp, Inc. has moved from does not qualify to risky, indicating a significant shift in its perceived financial health. The company is currently considered overvalued given its troubling financial metrics, including a Price to Book Value of 1.25 and an EV to Sales ratio of 1.65, alongside negative P/E and ROE ratios of -247.05%.
In comparison to its peers, T Stamp, Inc. lags significantly behind Next Technology Holding, Inc., which has a P/E of -38.17, and CareCloud, Inc., which boasts a P/E of 9.67 and is rated very attractive. The company's recent stock performance has been dismal, with a year-to-date return of -85.21%, starkly contrasting with the S&P 500's positive return of 2.44% during the same period. This further reinforces the conclusion that T Stamp, Inc. is overvalued in its current state.