From what 0 stock analysts predict, the share price for Blue Safari Group Acquisition Corp. (BSGA) might decrease by 100% in the next year. This is based on a 12-month average estimation for BSGA. Price targets go from $ to $. The majority of stock analysts believe BSGA is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
Blue Safari Group Acquisition Corp. has a total of 0 Wall St Analyst ratings. There are 0 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a sell consensus rating, the expectation is that Blue Safari Group Acquisition Corp. will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of BSGA.
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In 2023, BSGA generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that BSGA's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
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Summary - Bitdeer, a crypto mining firm founded by Jihan Wu, will go public on Nasdaq on April 14 through a SPAC merger, valuing the company at $4 billion.
Why It Matters - Bitdeer's merger with a SPAC for a $4 billion valuation signals growing interest in crypto mining. This could influence market sentiment and investment strategies in the crypto sector.
Summary - Bitdeer Technologies Group will begin trading on Nasdaq under the ticker "BTDR" on April 14, 2023, following its business combination with Blue Safari Group Acquisition Corp.
Why It Matters - Bitdeer's Nasdaq debut signals growing institutional interest in cryptocurrency mining, potentially influencing market dynamics and investor sentiment in the sector.
Summary - The U.S. SEC has approved Bitdeer's merger with SPAC Blue Safari Acquisition Corp., allowing Bitdeer to become a publicly listed company after previous delays.
Why It Matters - Bitdeerโs SPAC merger approval signals a shift in crypto market sentiment, potentially boosting investor confidence and attracting capital to both Bitdeer and the SPAC involved.
Summary - Blue Safari's extraordinary general meeting is set for April 11, 2023, at 9:00 a.m. ET. Shareholders are urged to vote "FOR" all proposals related to the merger with Bitdeer Technologies.
Why It Matters - The SEC's approval of Bitdeer's registration statement signals a significant step in the merger with Blue Safari, potentially impacting stock value and investor sentiment in the SPAC market.
Summary - Blue Safari Group Acquisition Corp. (NASDAQ: BSGA) has deposited $575,000 to extend its business combination deadline from September 14, 2022, to December 14, 2022.
Why It Matters - The extension of the business combination deadline indicates Blue Safari Group's commitment to finding a suitable merger partner, potentially impacting its stock value and investor confidence.
Summary - Bitdeer Technologies, led by Jihan Wu, plans to go public in the U.S. via a merger with a SPAC, valuing the bitcoin mining firm at $4 billion.
Why It Matters - Bitdeer's plan to go public at a $4 billion valuation signals growing investor interest in cryptocurrency mining and could influence market dynamics and valuations in the sector.