Bull&Bear | ZenaTech Leads Stock Surge with Expansion in Drone Services

On the stock performance front, ZenaTech (ZENA) witnessed a rise of 62.63%, marking the second consecutive day of gains with a cumulative increase of 71.16% over two days. ZenaTech recently signed a memorandum of understanding to acquire its sixth land surveying company in Arizona, marking its initial acquisition in the Southwestern region for drone services. This move underscores the company's aggressive expansion strategy in the drone sector, potentially driving future revenue growth.

Optimizerx (OPRX) experienced a 51.69% increase. Optimizerx achieved double-digit revenue growth in the fourth quarter, with projected sales reaching at least $100 million.

E.W. Scripps (SSP) shares rose by 43.36%, also recording gains for two consecutive days, with a total increase of 45.39% over the period. A financial firm maintained its buy rating for E.W. Scripps, setting the target price at $10.

Groupon (GRPN) saw an increase of 43.09%. The company provided a full-year revenue forecast that surpassed expectations, driven by a recovery in the North American market.

Synchronoss Technologies (SNCR) climbed by 39.97%. The company's stock price jumped following the announcement of better-than-expected earnings and sales for the fourth quarter of 2023.

Regarding stocks that faced declines, Zynex (ZYXI) dropped by 51.29%, marking a three-day losing streak with a cumulative decline of 53.61%. RBC Capital downgraded Zynex’s rating to sector perform and lowered the target price to $5.5.

iRobot (IRBT) fell by 35.66%, continuing its three-day downturn with a total decrease of 42.66%. The stock plummeted following warnings of potential bankruptcy from the Roomba vacuum maker.

Ramaco Resources A (METC) faced a decline of 23.75%. A securities firm reiterated its buy rating for Ramaco Resources-A but lowered the target price to $18.

Vivid Seats (SEAT) experienced a 23.08% decrease, marking a six-day losing streak with a total decline of 30.62%. The company's stock hit a historic low after turning to a loss in the fourth quarter amid a highly competitive environment.

D.A. Davidson assigned a hold rating to Holley, although its analysis content was not elaborated in detail.