At $11.37, Enovix stock price is attracting attention from both retail and hedge funds. Trading volume spikes hint at accumulation phases ahead of key battery production announcements slated for next month. During the quarter it generated $4.3 million in revenue marking a 2,058.50% increase year-over-year. Looking ahead management is expecting Q4 revenue to be $8.0 million and $10.0 million. It is one of the best small-cap stocks ready to explode as analysts' 12-month median price target is pointing towards a 135.85% upside from current levels. With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow. The latest move in Enovix stock price to $11.41 underscores investor interest ahead of its product rollout for AR/VR devices. Analysts believe this sector focus could significantly expand TAM (total addressable market), impacting forward P/E ratios favorably.