Advice on evaluating small-cap stocks with relatively little financial history

Hi! Trying to learn how to better value and evaluate stocks in general but recently mentor asked me to look into a specific stock (WULF) and whether I felt it was a good buy or not

What are some of the things and metrics you would look at to qualify/disqualify a stock, particularly one that has limited financial and operating history, and arrive at a value or a buy/sell rating.