The Russell 2000 Index (RUT), which measures the performance of approximately 2,000 small-cap U.S. equities, has underperformed some of its bigger, better-known equity benchmarks this year. The RUT has muscled its way to a gain of just 5% on the year, while the Nasdaq Composite ($NASX) and S&P 500 Index ($SPX) have notched double-digit percentage gains.
But among the small-caps, one name in particular has had a banner year, and doubled in value since the start of January. Plus, Wall Street is predicting even more big gains in 2024. As investors rediscover their appetite for small-cap stocks, here's one breakout name with big upside potential.
