Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
iWallet Corporation designs and develops biometric locking wallets and related physical and personal security products to protect against identity, personal, and financial information theft in the United States. It offers biometric locking luxury storage cases that protect cash, credit cards, personal information with a proprietary fingerprint security system, as well as a soft leather wallet that incorporates a GPS module to locate the wallet if misplaced; and provides consulting services in connection with protective wallets and other personal security products. The company was incorporated in 2009 and is based in Reno, Nevada.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers.