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Trading signal Republic Services Inc - RSG

US Stock Price Signals and Analysis

Good Morning Traders,

Today, October 07,  Lift-Off offers a SHORT trading signal on the US stock Republic Services Inc (Ticker: RSG) listed on the NYSE and part of the S&P500 index, which was formed with the close of October 6.

Update after market open - Here's our market-opening exec at 132.28

The stock closed at $133.41 per share, marking a -5.50 percent decline.

The company operates in the "Industrial Services" sector specifically in the "Environmental Services Industry"

The company has poor financial robustness data, such as  Cash-To-Debt, Equity-to-Asset and Altaman Z-Score and other data, despite these data being low, it has an excellent future growth projection, as well as the profitability level due to factors such as ROE, ROA etc...,

At this time, however, the price is slightly overvalued compared to the intrinsic value attributed to it.

Turnover is growing with net revenue not always growing YoY, however, debts are also steadily increasing year on year.

Next earnings release for Q3 2022: October 27, 2022

Below chart of Republic Services Inc - RSG - with signal detected by Lift-Off

Some information Republic Services Inc

Republic Services, Inc engages in services in the domestic non-hazardous solid waste sector. 

Supplies waste management services, collection, transfer, recycling, disposal and energy services of non-hazardous solid waste. 

The company operates through Group 1 consists of geographic areas located in the western part of the United States, Group 2 consists of geographic areas located in the Southeast and Midwest and the East Coast of the United States, and the Corporate Entities includes legal, tax, treasury, information technology, risk management, human resources, closed landfills, environmental solutions, and other administrative functions. 

The company was founded in 1996 and is headquartered in Phoenix, AZ.

Financial Overview: RSG's current market capitalization is US$44.6B. The company's TTM EPS is USD 4.37, dividend yield is 1.40% and PE is 32.36. Republic Services, Inc's next earnings release date is Oct. 27. The estimate is US$1.22.

Accounts, including revenue, expenses, profit and loss: RSG's total revenue for the latest quarter is US$3.41B, up 14.98% from the previous quarter. Net income in Q2 22 is 371.89M USD.

Overview data and accounts source: Tradingview.com

Signal board October 07, 2022

SHORT - Republic Services Inc - RSG

Input price: $133.41 (and any opening price)

Price stop loss or adjustment zone: $145.00 or for greater safety $150.00 (historical highs)

Price take profit zone 1: $120.00 

Price take profit zone 1: $120.00